Poland: Retail sales post quickest growth since May 2022 in April
Latest reading: Retail sales increased 7.6% compared to the same month a year earlier in April, which contrasted March’s 0.1% decrease. April’s figure marked the best reading since May 2022. Looking at the details of the release, sales of fuel, food, beverages and tobacco, and textiles, clothing and footwear rose at a stronger pace. That said, motor vehicles, motorcycles and parts sales expanded at a slower rate in April.
On a seasonally adjusted monthly basis, retail sales rose at a faster rate of 3.5% in April (March: +1.9% mom s.a.), the best result since May 2021. Meanwhile, the trend improved, with the annual average growth of retail sales coming in at 3.3%, up from March’s 3.0%.