INSTANT VIEW 1-Czech Jan retail sales jump 7.7 pct

...discount sales fed an ongoing 
rebound in household spending, data showed on Monday. 
 
KEY POINTS: 
(change in percent)      Jan         Dec         Jan forecast 
RETAIL SALES (y/y)       7.7         4.4            6.0 
 
(Click on [ID:nPRA001202] for full table of January retail 
sales) 
 
- The headline, unadjusted figure includes car sales and 
repairs, fuel sales and spending on a variety of consumer goods, 
including foodstuffs. 
- Seasonally-adjusted sales including the auto segment rise by a 
real 0.7 percent month-on-month in January but fall 0.2 percent 
excluding the auto segment, the first drop after 12 consecutive 
months of gains. 
- In seasonally-unadjusted terms, retail sales net of cars and 
fuel grow 7.1 percent year-on-year, after a 4.7 percent rise a 
month earlier. 
- Foodstuffs sales growth slows to 2.6 percent from the previous 
month's 5.1 percent. 
- In the auto segment, sales up 9.3 percent year-on-year thanks 
to a 4.7 percent gain in fuel sales and a 12.4 percent rise in 
cars sales and repairs. 
 
BACKGROUND: 
- Feb consumer inflation                         [ID:nL08458496] 
- Jan industrial output figures                  [ID:nL13408467] 
- Report on last Czech c.bank rate decision      [ID:nPRA001176] 
                                 [ID:nL01449456] [ID:nPRA001190] 
 
LINKS: 
- For further details on January retail sales and past data, 
Reuters 3000 Xtra users can click on the Czech Statistical 
Bureau's website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-slu 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data                 [CZ/INSTANT] 
- Overview of Czech macroeconomic indicators            [CZ/ECI] 
 
- Key data releases in central Europe    [CEE-CONVERGENCE-WATCH] 
- For Czech money markets data click on                 
- Czech money guide                                       
- Czech benchmark state bond prices                    
- Czech forward money market rates                       
 
  
  Keywords: CZECH RETAIL/