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Polish Retail Sales Disappoint, But Consumption Still Doing Well
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ESM Magazine
Polish retail sales grew less than expected in August, new data has shown, but analysts say consumption remains stable, which will have a positive impact on economic growth.
Retail sales at constant prices grew 3.1% year-on-year in August, the statistics office said, compared to a 3.3% forecast in a Reuters poll and a 4.8% rise in July.
'Consumption Doing Well'"Consumption is doing well, with sales of not only cars but also other durable goods growing.
Therefore, it should be the 'main star' of the GDP reading for 3Q25," ING analysts wrote in a commentary on the data.
Monetary PolicyAnalysts believe that the retail sales data do not significantly impact the outlook for monetary policy, as the Monetary Policy Council is currently focused on inflation and wage data.
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