Polish retail sales of goods increased by 4.8% year-on-year in June (ING: 4.0%; consensus: 3.1%) following a small uptick of 2.2%YoY in June. Seasonally adjusted data points to stable sales in June (0.0%MoM).
Robust growth was reported in the sales of furniture, electronics and household appliances (15.3YoY), textiles, clothing and footwear (14.7%YoY) and motor vehicles, motorcycles and parts (10.7%YoY). Sales of food and beverages declined for the second month in a row in annual terms (-0.4%YoY). The implied deflator of retail sales indicates stable prices of goods after two consecutive months of annual declines.