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Czech Retail Sales Growth Slows In February

The Czech Republic's retail sales grew at a softer pace in February, data from the Czech Statistical Office showed on Tuesday.

Retail sales increased a working-day adjusted climbed 3.9 percent annually in February, after a 4.9 percent rise in January. In December, retail sales grew 4.0 percent.

On an unadjusted basis, retail sales rose 7.4 percent year-on-year in February, following a 5.0 percent rise in the previous month. Economists had expected a 4.3 percent rise.

On a month-on-month basis, retail sales remained unchanged in February.

Sales of non-food goods gained 0.5 percent monthly in February, while sales of automotive fuel decreased 2.1 percent. Sales of food remained unchanged.

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