Poland: Retail sales growth decelerates in January
February 25, 2016
In January, retail sales rose 0.9% over the same month last year, which was below December’s 4.9% increase and marked a three-month low. The reading undershot the 2.9% rise that markets had expected. The deceleration came on the back of worse performances in six of the nine categories that comprise the index, compared to last month, with newspapers and books as well as motor vehicles recording the most significant deteriorations.
Annual average growth in retail sales inched up from December’s 1.3% to 1.4% in January, which marked a 10-month high.
Author: Eric Denis , Economist