Poland: Coronavirus strikes historic blow to consumers in March
Nominal retail sales nosedived 7.1% year-on-year in March, logging the worst reading on record and sharply contrasting February’s panic-driven 9.6% jump. The plunge came mainly on the back of free-falling sales of textiles, clothing and footwear and of motor vehicles, motorcycles and parts. On the other hand, sales of pharmaceuticals and of food, beverages and tobacco products recorded strong growth.
Meanwhile, annual average growth in nominal retail sales fell to 6.0% in March from 6.8% in February.