Poland: Coronavirus fears boost retail sales in February
March 20, 2020
Nominal retail sales soared 9.6% year-on-year in February, up from January’s 5.7% expansion. Consumer spending was boosted by fears of product shortages due to the spread of coronavirus in February. The expansion was broad-based, with the fastest increases recorded for pharmaceuticals; textiles, clothing and footwear; furniture, radio, TV and household appliances; and food, beverages and tobacco products.
Meanwhile, annual average growth in nominal retail sales rose to 6.8% in February from 6.6% in January.