Poland: Retail sales growth remains stable in July
Retail sales grew 4.4% compared to the same month of the previous year in July, unchanged from June. The reading reflected improving activity in the motor vehicles, motorcycles and parts, textiles, clothing and footwear plus furniture, radio, TV and household appliances sub-sectors. On the flipside, fuel sales lost steam, while food, beverages and tobacco sales continued to contract, albeit at a softer pace than in the prior month.
On a seasonally adjusted monthly basis, retail sales fell 2.7% in July (June: +1.5% mom s.a.). Meanwhile, annual average retail sales growth rose to 4.3% in July (June: +4.0%), signaling an improving trend in the retail trade sector.