Retail sales down by 2.5pct y/y.
January 25, 2013
Polish retail sales declined at an annual rate of 2.5% in December, on a 15.1% monthly growth from November levels, the Central Statistical Office (GUS) said.
The December figure surprised market on the downside as it was well below market expectations of 1.3% y/y. Such a low figure indicates very weak domestic demand as for last few months real wage growth has been in red.