Poland Retail Sales Growth Slows Further in July

Retail

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.

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