Retail revenues in the Czech market have increased by just 1.3 percent, a slight slow-down after December’s 1.6 percent rise. Cars and fuel topped the list of items on top of the growth list, while food sales dropped significantly. The economic daily Hospodarske noviny quoted UniCredit Bank analyst Pavel Sobíšek as saying that the number of work days affected the results for the month, but said there was real cause for concern. “Private consumption is stagnating or slowing down a bit,” he said. Non-food sales have shown more positive results, thanks to holiday discounts and sales.
