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Poland retail sales decline in May

Poland’s retail sales dropped in May, the latest figures from the Warsaw-based Central Statistical Office (GUS) show. Retail sales fell 7.7% year-on-year in May versus a 5.6% increase in the same month last year. Economists had expected a 16.9% fall. 

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Sales of motor vehicles, motor cycles, and parts dropped 34% annually in May. Sales of solid, liquid and gaseous fuels declined 17.9%.

Sales of pharmaceutical, cosmetics, orthopedic equipment, and textiles, clothing, footwear decreased by 14.1% and 8.2%, respectively.

On a monthly basis, retail sales increased 14.9% in May, GUS said on June 22.