Poland’s retail sales increased 3.9% year-on-year in July, missing the 4.5% growth expected by analysts in a Reuters poll.
The July rise marked a deceleration from June’s 6.2% annual gain. On a monthly basis, retail sales rose 2.2% in July, up from a 1.4% increase in June.
Sector performance varied. Motor vehicle and parts sales grew 8.1% year-on-year in July, slowing from 9.6% in June, while monthly sales rose 1.7% after a 3.2% gain in June. Fuel sales declined 0.2% year-on-year in July, a reversal from June’s 9.0% increase, with a 6.8% monthly drop following a 1.4% rise.
Food, beverages and tobacco sales rose 1.5% year-on-year in July, slightly below June’s 1.7% growth, but monthly sales increased 4.1% after a 1.1% rise. Pharmaceuticals and cosmetics sales grew 10.8% year-on-year in July, up from 10.2% in June, with a 4.7% monthly gain after a 2.4% decline.
Clothing and footwear sales fell 1.7% year-on-year in July, reversing June’s 3.3% increase, while monthly sales declined 0.4% after a 5.0% rise. Furniture, appliances and electronics sales rose 8.8% year-on-year in July, down from 14.8% in June, but monthly sales jumped 8.6% after a 0.6% gain.
Newspapers and books sales decreased 1.2% year-on-year in July, following a 3.0% increase in June, with a 1.0% monthly decline after a 1.3% drop.
