Easter period supports Polish retail sales growth in March
Polish retail sales in March were mainly driven by food products sales and other sales in non-specialized stores. Due to low oil prices it is likely that fuel sales dropped by around 14% yoy.Societe Generale sees retail …
Polish retail sales in March were mainly driven by food products sales and other sales in non-specialized stores. Due to low oil prices it is likely that fuel sales dropped by around 14% yoy.
Societe Generale sees retail sales growth to accelerate to 1.2% in March from -1.3% in February. On a monthly basis, an increase of 15.0% due to the pick-up in sales before Easter.
Recent SAMAR data on car registrations were negative - there was a decrease of 3.8% yoy in March. The persistent lack of inflationary pressure and growing real disposable income should support consumer spending in the coming months.
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Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
