GUS: Industrial output down by 3.4%, retail sales up by 2% y/y in July

The volume of retail sales in Poland grew by 2 percent year-on-year in July. In month-on-month terms, retail trade recorded a decline of 0.5 percent, the Central Statistical Office (GUS) reported on Thursday. GUS also informed that Poland’s industrial production fell by 3.4 percent year-on-year and by 10.1 percent in monthly terms in July. Prices of industrial manufacturing fell by 0.4 percent y/y and by 0.1 percent m/m. In the period between January and July, industrial output grew by 4.4 percent.