Retail sales up 3.3% y/y in January
PR dla Zagranicy
New data from the Central Statistical Office (GUS) released on Wednesday show that retail sales in Poland went up by 3.3 percent year-on-year in January, with industrial production also rising by 1.7 percent year-on-year.
“In January this year retail sales in terms of constant prices rose by 3.3 percent (compared to 4 percent growth a month previously and 4.8 percent in January 2014),” a statement from GUS reads, adding that “compared to December 2014 there was a seasonal drop in retail sales by 22.1 percent (compared to a drop in the same period last year of 21.3 percent)”.
Taking current prices into account, retail sales rose by 0.1 percent year-on-year and was lower by 22.6 percent on December 2014. Economists had previously forecast growth of 0.5 percent and a drop of 22.2 percent on December.
A statement on sold production from GUS also states that in January, “sold production of industry was 1.7 percent higher than in January 2014 which saw a 4.2 perecnt increase, whereas construction-assembly production was 1.3 percent higher than in the corresponding period of 2014 which saw a 3.9 percent decrease.” (jb)