18:00 12 November 2020
Post by: WBJ

Poland one of few EU countries with increase in trade in textiles and footwear

Since September, the EU has experienced a slowdown in retail trade in the wake of the second wave of the pandemic. The sector of textiles, clothing, and footwear suffered the most, indicated the Polish Economic Institute (PIE). Poland was one of the few countries where the turnover in this market increased.

As PIE pointed out, the high growth rate of retail trade turnover at constant prices was maintained throughout the entire Q3. On the other hand, since September, a slight slowdown in retail trade turnover has been reported across the EU, "related to the first symptoms of the second wave of the epidemic", which means a decrease in turnover by 1.7 percent compared to August in the EU-27, by 2 percent in the euro area and by 0.9 percent in Poland.

Analysts pointed out that in terms of the industry, the trade of textiles, clothing, and footwear suffered the most. On the EU scale, the volume of trade in these products decreased in September on an annual basis by 12.6 percent, and in the euro area – by 13.6 percent.

"Poland was one of the few countries in which the turnover on this market increased slightly (+1.6 percent)," PIE analysts emphasized.

 The turnover in the trade of fuels for motor vehicles was also lower. However, a spectacular increase, especially in Poland, took place in the trade of computer hardware.



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