Retail sales grows 8.4% in May

Retail sales increased in May by 8.4 percent year-on-year and declined by 0.2 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 9 percent y/y and remain unchanged m/m. In real terms, Polish retail sales were up by 7.4 percent y/y.