Poland: Growth in retail sales loses momentum in July
August 24, 2016
In July, retail sales rose 2.0% over the same month last year, which was below June’s 4.6% increase and marked a four-month low. The reading grossly undershot the 4.2% rise that markets analysts had expected. The deceleration came on the back of slower growth across the board, with sales of motor vehicles, motorcycles and parts recording a profound slowdown.
Meanwhile, annual average growth in retail sales inched up from June’s 2.1% to 2.2% in July, the highest reading since January 2015.