Poland: Growth in retail sales accelerates to over two-year high in November
December 23, 2016
In November, retail sales rose 6.6% over the same month of 2015, which was notably above October’s 3.7% increase. The reading overshot the 4.8% rise that markets analysts had expected and marked the fastest growth since August 2014. The acceleration came largely on the back of a sharp pickup in sales of motor vehicles, motorcycles and parts. In addition, sales of food, beverages and tobacco products also gained steam.
Meanwhile, annual average growth in retail sales rose from October’s 3.3% to 3.6% in November, the highest reading since October 2014.