Poland: Retail sales contract at much softer pace in May
June 22, 2020
Retail sales contracted 8.6% year-on-year in May, following April’s 22.6% collapse, which had marked the steepest fall on record.
Looking at the details of the release, the plunge came on the back of sharps contraction in sales of motor vehicles, motorcycles and parts; solid, liquid and gaseous fuel; and of textiles, clothing and footwear.
Meanwhile, annual average retail sales grew 1.7% in May, which was notably below April’s 3.0% expansion.