Retail revenues contract in April


Czech retail revenues contracted in April by 4.1 percent year-on-year, according to figures released by the Czech Statistical Office on Tuesday. Revenues fell mainly in the food and fuel segments as well as car sales and repairs. After seasonal adjustment, the revenues contracted by 2.1 percent, after a 0.4 decrease registered in the previous month. Analysts say the decrease reflects the customers’ efforts to save, and is a sign of the economy losing dynamics.