In August, retail sales expanded 11.3% over the same month last year, above the 8.2% increase in July and market expectations of a 9.1% rise. Seven out of the nine components of the retail sales index accelerated over the previous month. On a monthly basis, retail sales increased a non-seasonally adjusted 1.1% over the previous month (July: +0.7% month-on-month), thereby confirming the acceleration implied by the annual figures. Furthermore, the trend suggests that retail sales remain on an expansionary path, with annual average retail sales increasing from 10.3% in July to 10.7% in August and continuing to climb from the trough of October 2009.
Retail sales show strength
September 23, 2011
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Poland Economic News
October 12, 2016
According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August.
October 5, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 October monetary policy meeting.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit.
September 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 September, consumer prices recorded flat growth over the previous month in September, which followed the 0.2% fall recorded in August. In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August.
September 30, 2016
The manufacturing sector business climate index decreased from 4.8 points in August to 3.3 points in September, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).