February retail sales up by 2.4% y/y - Eurostat
Poland’s retail sales rose in February by 2.4 percent year-on-year, the same increase as the one recorded in January of this year. In month-on-month terms retail sales fell by 1.5 percent, Eurostat announced.
According to statistics office GUS, retail sales grew by 7.0 percent y/y in February and fell by 0.6 percent m/m.
The Eurostat data include small family stores (employing fewer than 10 people) which are more susceptible to retail sales drops. Meanwhile GUS data reflect the increasing concentration in retail sales (increasing sales in discount stores and supermarkets). The y/y figures have been corrected by the number of work days and the monthly data has been seasonally adjusted.
