Monday, June 18, 2007

Czech Retail Sales Gained 8.1 Percent in April, Suggesting Rates May Rise

(Bloomberg) -- Czech retail sales in April grew 8.1
percent, underpinning expectations borrowing costs may be raised
for a second time this year as soon as next month.

Sales, including cars and motor fuels, rose from a year ago
after a record 10.5 percent in March, the Prague-based
statistics office said on its Web site today. The figure was
less than a median estimate of 10 percent by 11 economists in a
Bloomberg survey.


Read more at Bloomberg Emerging Markets News

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