Poland: Retail sales record lowest expansion since October 2021 in January
Retail sales rose 15.1% year on year in January (December: +15.5% yoy). The outturn marked the worst reading since October 2021. Looking at the details of the release, motor vehicles, motorcycles and parts sales shrank at a softer rate in January, and textiles, clothing and footwear sales also gained steam.
Meanwhile, annual average retail sales growth fell to 20.4% in January (December: +20.8%), signaling a worsening trend in the retail trade sector.