Poland: Retail sales increase in May
June 24, 2015
In May, retail sales grew 1.8% over the same month last year, contrasting the 1.5% decrease tallied in April and slightly overshooting the 1.7% increase that the markets had expected. The expansion mainly reflected an increase in sales of motor vehicles and newspapers.
Despite May’s increase, annual average growth in retail sales continued on the downward trend that began in May 2014. Annual average growth inched down from 1.2% in April to 1.1% in May, which marked a multi-year low.
Author: Eric Denis , Economist