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Retail sales up by 11.3% y-o-y in August


Retail sales at current prices grew by 11.3% y-o-y in August, an acceleration compared with the previous month, according to data from the Central Statistical Office (GUS). The result far surpassed market expectations, which averaged 8.7% y-o-y.

In comparison with the corresponding period of 2010, sales were up in all the main branch specialisations. The highest increase was noted in other retail sale at non-specialist stores (up by 28.9% y-o-y), followed by fuels (up by 17.1% y-o-y), pharmaceuticals, cosmetics and orthopaedic equipment (up by 15.8% y-o-y), and textiles, clothing and footwear (up by 9.6% y-o-y). Sales of food, beverages and tobacco products increased by 4.4% y-o-y, sales of motor vehicles, motor cycles and parts and of newspapers, books and other items at specialist stores went up by 4.2% y-o-y, while sales of furniture, radio, TV and household appliances inched up by 1.6% y-o-y.

In the first eight months of 2011 retail sales at current prices rose by 11.7% y-o-y.

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