Poland: Growth in retail sales moderates in September
October 28, 2014
In September, retail sales expanded 1.6% over the same month last year. The expansion was slightly below the 1.7% increase recorded in August and undershot market expectations of a 2.4% rise. September’s result was mainly driven by weaker sales of clothing and footwear, food and beverages, as well as of fuels.
Annual average growth in retail sales inched down from 4.1% in August to 3.9% in September. Average annual growth in retail sales has been on a soft downward trend since May.
Author: Cecilia Simkievich, Economist