Poland: Retail sales growth rises in January
Retail sales expanded 20.0% in year-on-year terms in January, which was above December’s 16.9% increase. Looking at the details of the release, sharp increases in food and textiles, clothing and footwear sales drove the overall reading higher, while shrinking sales of household items and motor vehicles, motorcycles and parts tempered the increase.
Meanwhile, the trend improved sizably, with the annual average growth of retail sales coming in at 14.6%, up from December’s 12.4%.