Retail sales in constant prices in November increased by 12.1 percent year-on-year, the Central Statistical Office reported. The consensus of economists surveyed by PAP was 8.8%. In October, the increase was 6.9%. yy.
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Retail sales in current prices increased by 21.2% last month. yy.
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In current prices, economists surveyed by PAP Biznes expected an increase of 15.8 percent. yy.
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Economists’ comments
“After great data from industry, it is time for great data from retail sales. Growth by 12.1% y / y in constant prices. Thus, sales reached the pre-pandemic trend” – comments mBank Research.
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“Another positive surprise in the November data. Retail sales increased in real terms by 12.1% y / y after an increase of 6.9% y / y in October – real growth was not stopped by the record deflator (8% y / y)” – we read in the PKO Research entry.
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photo-source">Main photo source: Shutterstock
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