Poland's retail sales increased by 16% on the month in December, but fell by 4.0% y/y, according to the data of the Polish Chamber of Trade (PIH), based on small- and mid-sized FMCG sales networks (excluding super- and hyper-markets), representing 20% of the retail market.
The chamber represents smaller formats of retail traders, the majority of whom reported earnings declines in 2013, the institution also reported. Its members note a rise of sales of fresh products as consumers prefer to purchase them in smaller shops.
In November, Poland's overall retail sales continued their several month-long improvement, as they by 3.8% y/y vs. annual rise of 3.2% a month before (and of 3.9% two months earlier).
In November, the categories that posted annual increases were: "textiles, clothing, footwear" - by 18.9%, "motor vehicles, motorcycles, parts" - by 15.1%, "other retail sale in non-specialised stores" (i.e. mainly hyper- and supermarkets) - by 10.0%.
Related Articles
Malawi-focused Mkango Resources' unit to merge with US-based Crown PropTech
Lancaster Exploration (Lancaster), a subsidiary of Mkango Resources (Mkango), has announced a merger with Crown PropTech Acquisitions (CPTK), a US-listed special purpose acquisitions company. ... more
Glass wool production restarts in Hungary after 16-year hiatus
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more
Poland signs €200mn deal with ICEYE for reconnaissance satellites
Poland will acquire three synthetic aperture radar (SAR) satellites under a €200mn agreement with Polish-Finnish satellite operator ICEYE, the company said on May 14. The contract comes in the ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
13 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago