Poland Retail Sales Growth Slows Further in July
Poland's retail sales growth eased for the third straight month in July, figures from Warsaw-based Central Statistical Office (GUS) showed on Monday.
At constant prices, retail sales climbed 2.0% year-on-year in July, after a 3.2% rise in the previous month.
The latest rate of increase was the weakest in the current sequence of sales growth since March last year. Sales of textiles, clothing, and footwear increased the most by 13.3% in July.
Sales of pharmaceuticals, cosmetics, orthopedic equipment grew 10.2% and those of others gained 10.5%. Sales of food, beverages and tobacco products registered an annual increase of 5.4%.
On a monthly basis, retail sales gained 1.2% in July, reversing a 1.4% fall in June. At current prices, retail sales surged 18.4% annually in July and moved up 1.2% from a month ago.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.