06 Dec 2018, Gergana Bencheva, EMIS Editor
Polish retail sales growth slows to 4.8% y/y in Oct
According to data provided by the Polish statistics bureau GUS, real retail sales for October went up by 7.8% on the year and their month-on-month increase was by 6.6%. Vehicle sales, for example, booked a significant increase in the tenth month of the year, growing by 9.7% on the year and by 20.9% on the month.
Analysts expect retail sales to preserve their growth which, combined with the record-low unemployment in the country, should continue to boost private consumption and gross domestic product (GDP), CEEMarketWatch added.
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