Poland: Retail sales growth moderates in June
Retail sales expanded 13.0% year-on-year in June (May: +19.1% yoy). The notable slowdown was largely due to softer expansions in motor vehicles, motorcycles and parts sales, and in textiles, clothing and footwear sales as the base effect started to wear off.
Meanwhile, the trend improved, with the annual average growth of retail sales coming in at an over one-year high of plus 5.3%, up from May’s 4.1%.