Poland: Retail sales decelerate in January
February 24, 2015
In January, retail sales increased a mild 0.1% over the same month of last year, which was well below the 1.8% rise tallied in December. January’s increase reflected higher sales of motor vehicles, clothing and footwear, household appliances, and books and newspapers. Conversely, sales of fuels, food and beverages, and pharmaceutical products were lower compared to the previous month.
As a result of January’s deceleration, annual average growth in retail sales continued on the downward trend that began in May 2014. Annual average growth dropped from 3.1% in December to 2.7% in January, which marked the lowest reading in a year.
Author: Cecilia Simkievich, Economist