Polish consumers are still reluctant to spend money. The Central Statistical Office released retail sales data for September. They show huge declines in three categories.
Poles did not return to stores. Inflation, even though it is decreasing year by year, is still very harmful to the wallets of most citizens, as can be seen from the latest data from the Central Statistical Office.
Retail sales down
Retail sales at constant prices in September 2023 were 0.3% lower than last year. (compared to an increase of 4.1% in September 2022). Compared to August 2023, there was also a decline in retail sales by 0.3%. In the period January-September 2023, sales decreased y/y by 3.4%. (in 2022, an increase of 6.8 percent),” we read in the announcement from the Central Statistical Office.
After eliminating the impact of seasonal factors, retail sales at constant prices in September 2023 were 2.2%. higher compared to August this year. Retail sales at current prices in September were 3.6% higher than a year ago. and decreased by 0.7 percent. m/m, also given.
Poles save on books, furniture and clothes
“In September 2023, the largest decline in retail sales (at constant prices) compared to the same period in 2022 was recorded by entities from the ‘textiles, clothing, footwear’ group (by 16.3% compared to an increase of 25.2% before year). A decrease in sales was also observed in the groups: ‘press, books, other sales in specialized stores’ (by 16%), ‘furniture, electronics, household appliances’ (by 12.2%) and ‘other’ (by 9.7%). .). Enterprises trading in food, beverages and tobacco products showed a slight decline of 0.1%. Among the groups presented, significant growth was reported by entities selling motor vehicles, motorcycles, parts (by 9.8%) and solid, liquid and gaseous fuels (by 7.5%). – we read further.
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