Polish Retail Sales Growing Substantially

BusinessEconomy ♦ Published: August 24, 2012; 19:30 ♦ (Vindobona)

In July, Polish retail sales increased by 6.9% on the year. In 2012, retail sales are expected to increase by 6.5%.

Polish Retail Sales Growing Substantially / Picture: © Vindobona.org

The Polish retail sale sector expands sustainably. After a growth rate of 6.4% in June, the rate reached 6.9% last month. In the coming months, the growth in retail sales is expected to decelerate. First, consumer confidence is decreasing. Second, the Polish unemployment rate is expected to increase. Although Poland economic growth is anticipated to flatten, a recession is not…