The Retail Sales in the Czech Republic and the European Union and the Comparison of Evolution

Kamil Pícha (), Leos Vitek, Hana Doležalová (), Josef Navrátil () and Roman Švec ()
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Kamil Pícha: University of South Bohemia in České Budějovice
Hana Doležalová: University of South Bohemia in České Budějovice
Josef Navrátil: University of South Bohemia in České Budějovice
Roman Švec: University of South Bohemia in České Budějovice

Acta Universitatis Bohemiae Meridionales, 2012, vol. 15, issue 2, 3-13

Abstract: The paper deals with the evolution of the retail sales in the Czech Republic and the European Union. Retail sales are a very important element of the total performance of a national economy. The aim of this article is to analyze the tendency of the retail sales and to compare their evolution in the Czech Republic with the results of the whole European Union. The paper presents graphical analysis studying relations between the retail sales and the macroeconomic development (GDP growth rate and unemployment rate) as well as the expectations of the households. As concerns the factors of the retail sales evolution, there is some positive correlation with the evolution of the general economic performance. However, there is no provable relation between the growth or decrease of the retail sales and the unemployment in both the EU and the Czech Republic.

Keywords: Retail Sales; Macroeconomic Development; Households (search for similar items in EconPapers)
JEL-codes: C35 G32 G33 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:boh:actaub:v:15:y:2012:i:2:p:3-13

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