Retail sales drop in Poland and Europe: statistical office
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Seasonally adjusted retail sales in Poland recorded a decrease of 6.8 percent y/y in March 2020, the EU statistical office Eurostat reported. On a monthly basis, retail sales in Poland dropped by 9.1 percent.
In the entire European Union (EU27), retail sales deteriorated by 10.4 percent on a monthly basis, while on an annual basis they decreased by 8.2 percent. The sales in the euro area dropped by 11.2 percent m/m.
According to the Central Statistical Office (GUS), retail sales (at constant prices) decreased by 9 percent y/y in March 2020, while at current prices they were lower by 7.1 percent than a year before.
