Poland Retail Sales in December Decrease on Year
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Retail sales growth in Poland eased notably to 0.2% in December from 1.6% in November, data from the Central Statistical Office (GUS) showed on Monday.
This was the slowest rate of increase since the current sequence of growth began in March 2021. Sales dropped for furniture, radio, TV and household appliances (-10.4% vs -7.6%), newspapers, books & other sales in specialized stores (-8.0% vs -0.1%), solid, liquid, and gaseous fuels (-7.8% vs -14.4%), and motor vehicles, motorcycles and parts (-2.8% vs -6.4%).
In contrast, sales accelerated for pharmaceuticals, cosmetics, orthopedic equipment (7.6% vs 6.1%), while sales slowed for textiles, clothing, footwear (7.2% vs 18.9%), and food, beverages and tobacco (1.9% vs 4.8%).
On a monthly comparison basis, retail sales jumped by 13.1% in December, reversing a 0.3% fall in November.
The recovery largely relied on a 30.7% jump in sales of newspapers, books, and other items in specialized stores.
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