Poland: Retail sales lose steam in March
April 25, 2016
In March, retail sales rose 0.8% over the same month last year, which was below February’s 3.9% increase and marked a five-month low. The reading notably undershot the 3.4% rise that markets analysts had expected. The deceleration came on the back of a deterioration in seven of the nine categories that comprise the index, with a significant contraction recorded in sales of fuels.
In addition, annual average growth in retail sales fell from 1.8% in February, which had marked an almost-one-year high, to 1.6% in March.