Retail sales records decline in November

The volume of retail sales in Poland inched down by 0.2 percent year-on-year in November, according to the monthly statistical bulletin issued by the Central Statistical Office (GUS) on Tuesday. In month-on-month terms retail trade declined by 8.1 percent. When calculated in real terms (constant prices) retail sales grew by 1.4 percent y/y, GUS also said. Economists surveyed by the Polish Press Agency had expected retail trade growth of 1.7 percent y/y and a decline of 6.2 percent m/m.