Poland's retail sales rose by 8.2% y/y in July 2011 slower than the 10.9% growth a month earlier, the statistics office said. Sales growth eased for a third month in a raw and was below analysts expectations for a rise of 10%, according to a poll by PAP news agency. In monthly terms, retail sales advanced 0.7% in July, after a 1.4% increase in June. The growth rate was affected by weaker car sales, while sales of furniture, electronics and household appliances sped up their growth to 6.4% from 5.3% in the previous month, Maciej Reluga, an economist at BZ WBK, said in an e-mailed commend to PAP. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more