Monday, the Central Statistical Office of Poland said in a report that retail sales at current prices declined 0.8% year-on-year in March, slower than a 1.6% drop in February. Economists expected retail sales to fall 0.5%.
During the month, retail sales at current prices declined the most by 10.5% for motor vehicles, motorcycles and parts, followed by a 10.1% drop in sales of solid, liquid and gaseous fuels. On the other hand, the fastest rise in sales of 16.8% was for pharmaceutical goods and cosmetics.
At constant prices, retail sales slipped 1.8% annually in March compared to a 2.3% decline in February. Retail sales of solid, liquid and gaseous fuels showed the steepest fall in sales by 9.6%. However, retail sales grew the most by 19.4% for textiles, clothing and footwear.
Month-on-month, retail sales at current prices rose 11.8% in March, following a 1.6% fall in February.
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