Retail sales growth below expectations

Retail trade in Poland grew by 1.2 percent year-on-year in June, according to data published by the Central Statistical Office (GUS) on Wednesday. In month-on-month terms there was a 1.1-percent decline. Economists surveyed by the Polish Press Agency had expected retail sales to grow by 4.4 percent y/y and by 2.2 percent m/m. In real terms, retail sales grew by 1.8 percent y/y in June, GUS also said.