Poland: Growth in retail sales slows in June
July 25, 2017
In June, retail sales rose 6.1% over the same month of 2016, losing steam from May’s 8.4% growth. The deceleration was partly driven by lower sales of motor vehicles, motorcycles and parts, fuels, TVs, furniture and household appliances.
On the other hand, the average annual growth in retail sales grew from 6.6% in May to 6.7% in June. This marked the highest reading in over four and a half years. The Central Statistical Office of Poland noted that entrepreneurs’ sentiments in regard to retail are still positive and forecasts for demand of goods are still favorable.
Author: Lindsey Ice, Economist