Poland: Growth in retail sales picks up in July
August 24, 2017
Retail sales in July rose 7.1% over the same month in 2016, gaining momentum from June’s 6.1% rise. The acceleration was mainly driven by higher sales of fuel and furniture, radio, TVs and household appliances.
July’s boost in retail sales contributed to the upward annual trend, as the average annual growth in retail sales grew from 6.7% in June to 7.1% in July. This marked the highest reading in over four and a half years.
Author: Lindsey Ice, Economist