Poland's retail sales rise by 8.6% y/y in December, fail to meet expectations.

By bne IntelliNews January 30, 2012
Poland's retail sales' growth decelerated slightly in December, when they increased by 8.6% y/y (and were up by 20.8% m/m; in January-December, they grew by 11.6% vs. growth of 12.2% y/y in the 11 months of the year), according to national stats office GUS. Thus, their pace slowed down from November's rise of 12.6% y/y and October's rise of 11.2% y/y and failed to match market expectations that averaged at 10.3-10.6%. In real terms, retail sales grew by 4.2%. The categories that posted the most dynamic annual growth were: "other retail sale in non-specialized stores" - by 33.3%, while the only decline was posted in the "motor vehicles, motorcycles, parts" category - by 15.9%.
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