Poland: Retail sales drop at sharpest rate since May in October
November 23, 2020
Retail sales dropped 2.1% year-on-year in October, contrasting September’s 2.7% expansion. The result marked the sharpest contraction since May and was partly driven by a deterioration in motor vehicles, motorcycles and parts sales, which fell at the sharpest pace in five months. In addition, textiles, clothing and footwear sales fell at a faster clip compared to the previous month.
Moreover, the trend pointed down, with the annual average variation of retail sales coming in at minus 0.6%, down from September's flat reading.
Author: Hanna Andersson, Economist