Poland: Growth in retail sales slows slightly in May
June 17, 2016
In May, retail sales rose 2.2% over the same month last year, which was below April’s 3.2% increase. The reading undershot the 3.0% rise that markets analysts had expected. The deceleration was partly driven by lower sales of motor vehicles, motorcycles and parts as well as of textiles, clothing and footwear.
Annual average growth in retail sales rose from 2.0% in April to 2.1% in May, the highest reading since January 2015.
Author: Christopher Mc Innes, Economist