Poland: Retail sales decelerate in July
August 24, 2015
In July, retail sales grew 1.2% over the same month last year, which was below June’s 3.8% increase and undershot the 2.8% rise that markets had expected. The reading was the lowest in three months. The deceleration came on the back of poorer performances in all categories except for gas and fuels sales, which inched up compared to last month.
As a consequence, annual average growth in retail sales inched down from June’s 1.3% rise to a 1.2% increase in July.
Author: Eric Denis , Economist