Polish retail sales likely declined in October

Polish retail sales were basically driven by car sales, textile, clothing and footwear, and press & other sales unspecialised stores. The car sales is growing at 8.1% yoy followed by textile, clothing and footwear 11.9% yoy, and press & other sales inspecialised stores 13.4% yoy.

The retail sales growth of the economy is expected to have fallen to -0.7% in October from 0.1% in September compared with a mom increase of 3.4%, estimates Societe Generale.