MGR Still Operating With Handbrake On

Czech Republic's mass grocery retail (MGR) industry will continue to be weighed down by a weak consumer spending over H210 (calendar). Discretion continues to largely dictate spending with headline retail sales continuing to suggest a fragile recovery in demand. Over the January-May 2010 period, month-on-month retail sales increased by an average of just 0.4% (see chart).

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