Poland's retail sales growth to decrease in October

Poland's retail sales growth is expected to have decreased to -0.7% in October from 0.1% in September compared with a mom increase of 3.4%. Retail sales were mainly driven by car sales (8.1% yoy), textile, clothing and footwear (11.9% yoy) and press & other sales in specialised stores (13.4% yoy). 

Fuel sales are likely to remain negative, declining 14.7% yoy on lower prices. In real terms, retail sales growth in September should amount to 2.2% yoy. Recent SAMAR data on car registrations is negative, with growth decreasing to 2.8% yoy from 16.0% yoy in September. However, year-to-date, the number of cars registered is 6.1% higher than in 2014