Poland: Retail sales drop in November
December 24, 2014
In November, retail sales dropped 0.2% over the same month last year. The decline contrasted both the 2.3% expansion tallied in October and the 2.0% rise that the markets had expected. November’s result, which marked the lowest reading since April 2013, reflected decreases in all of the sub-components that comprise the index except for sales of furniture, and newspapers and books.
As a result of November’s decline, annual average growth in retail sales edged down from 3.8% in October to 3.5% in November.
Author: Cecilia Simkievich, Economist