Poland: Retail sales rebound in March
April 20, 2015
In March, retail sales increased 3.0% over the same month of last year, rebounding from the 1.3% decrease tallied in February and overshooting the 1.5% increase that the markets had expected. March’s reading was the highest since May 2014, while February’s print had marked the lowest reading in over two years. The increase reflected higher sales for all categories that comprise the index except for newspapers and books, which registered a mild decrease compared to the same month of last year. Sales of food, beverages and tobacco as well as of clothing and footwear recorded the largest increases in retail sales.
Despite March’s increase, annual average growth in retail sales continued on the downward trend that began in May 2014. Annual average growth inched down from 2.1% in February to 2.0% in March, which marked the lowest reading in over a year.
Author: Eric Denis , Economist