Poland's retail sales see 5% increase in May 2024

Poland's retail sector showed significant growth in May 2024, with retail sales at constant prices rising by 5 per cent compared to the same month in the previous year, according to recent data by Statistics Poland. This marks a positive turnaround from May 2023, when sales had decreased by 6.8 per cent. However, on a month-to-month basis, retail sales saw a slight decrease of 0.1 per cent from April 2024.

The period from January to May 2024 also saw a year-over-year increase in retail sales by 5.5 per cent, contrasting sharply with the 5.9 per cent decrease recorded during the same period in 2023.

Among the various retail categories, the textiles, clothing, and footwear group, which has a significant share of sales via the internet, experienced a minor decline in its share from 22.6 per cent to 22.5 per cent, as per Statistics Poland.

Overall, internet retail sales showed robust growth, with a 6.8 per cent rise in value at current prices in May 2024 compared to May 2023. The share of internet sales in the total retail sales increased slightly from 8.5 per cent to 8.6 per cent over the same period.

Fibre2Fashion News Desk (DP)