European Economic News

Poland Retail Sales Growth Slows In May, Below Forecast

Poland's retail sales growth slowed notably in May, after strong improvement in the previous month, figures from the Central Statistical Office showed Thursday.

The retail sales index rose 3.8 percent year-on-year in May, slower than April's 8.4 percent growth. The increase came in well below economists' expectation for 6.2 percent growth. In March, sales rose 3.1 percent.

On a monthly basis, retail sales dropped 0.7 percent in May, reversing from a 2.3 percent increase in April. This was the first decline in three months.

by RTTNews Staff Writer

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