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Czech Republic Retail Report Q4 2017

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Our outlook for the Czech retail sector remains optimistic as the country's economy is expectedto continue firing on all cylinders. An increasingly tight labour market is rapidly pushing up wages, whilepersistently low inflation will boost consumer spending power. In light of this positive economic backdrop,Czech consumption patterns will continue to converge with Western European markets, with anincreasingly larger share of spending directed toward premium and durable items.

We forecast that private consumption will constitute over half of real GDP growth in 2017, as thestrengthening Czech Koruna, combined with weaker demand for manufacturing exports, accelerates theCzech Republic's push towards a more domestic-oriented growth model. Our Country Risk team forecastsrobust 3.6% expansion in private consumption in 2017, up from an estimated 2.9% in 2016. The Czecheconomy as a whole is expected to grow steadily over the remainder of our forecast period, registering 2.7%real GDP growth in 2017 and averaging 2.5% through to 2021.


BMI Industry View
Consumer Outlook
SWOT
Consumer SWOT
Industry Forecast
Consumer Spending
Total Household Spending
Table: Total Household Spending (Czech Republic 2015-2021)
Essential/Non-Essential Spending
Table: Essential and Non Essential Spending (Czech Republic 2015-2021)
Food, Drinks & Tobacco
Table: Food and drinks (non-alcoholic, alcoholic and tobacco) spending (Czech Republic 2015-2021)
Clothing & Footwear
Table: Clothing and Footwear Spending (Czech Republic 2015-2021)
Household Goods
Table: Household Goods Spending (Czech Republic 2015-2021)
Personal Care & Effects
Table: Personal Care and Effects Spending (Czech Republic 2015-2021)
Tourism
Household Characteristics
Table: Household Income Data (Czech Republic 2014-2021)
Demographic Forecast
Table: Total Population (Czech Republic 2014-2021)
Market Overview
Retail Trends
Latest Updates
Clothing & Footwear
Table: Selected Clothing & Footwear Retailers
Household Goods
Table: Selected Household Goods Retailers
Electronics
Table: Selected Electronics Retailers
Department Stores
Table: Selected Department Stores
E-Commerce
Table: Selected E-Commerce Retailers
Pharmacies/Drugstores
Table: Selected Pharmacy/Drugstore Retailers
Shopping Centres
Glossary
Methodology
Industry Forecast Methodology
Sources

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