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Poland Retail Sales Growth Accelerates in August

Retail

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Poland's retail sales growth improved for the first time in four months in August, figures from the Warsaw-based Central Statistical Office (GUS) showed on Wednesday.

At constant prices, retail sales climbed 4.2% year-on-year in August, after a 2% rise in July, which was the weakest in the current sequence of sales growth since March last year.

Sales of pharmaceuticals, cosmetics, and orthopedic equipment grew the most, by 13.7%, and those of others gained 10.9%.

Sales of textiles, clothing, and footwear increased 8.4% compared to last year. On a monthly basis, retail sales gained 1.0% in August, following a 1.2% rise in July.

At current prices, retail sales surged 21.5% annually in August and moved up 1.7% from a month ago. 

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