The Central Bureau of Statistics data is surprisingly the biggest pessimist. Retail sales slow down


Retail sales grew at a rate of 4.7 percent. every year. There are more goods sold in December 2018 compared to the same month in 2017. This means a decisive slowdown in relation to the previous months, when the growth rate exceeded 6% and even reached 10%.

GUS data is far below the estimates of previous economists. A survey conducted by ISBnews agents showed that in the basic scenario there would be an increase of 6.9 percent. Of course, this is average. Individual typing is in the range of 5.5-8.4%. The same results at 4.7 percent. even the greatest pessimists did not anticipate.

This is the second month in a row, when the dynamics of sales growth fall and far to the best results from 2018. PKO economists BP has assessed before publication that the results may be worse than the average estimate, due to a phenomenon that has been seen for several years, consisting from shifting Christmas shopping to November. However, they did not expect such braking.

Poland began shopping for groceries at the gas station. "The crowd gathered there"

On the other hand, the shift in purchases in November is not fully seen in the latest statistics, because currently, compared to November, ie month to month, retail sales increased by 12.9 percent.

Importantly, increasing retail sales in GUS statistics is more and more responsible for the sale of higher quantities, and not just higher prices. It should be noted that the results presented are given in terms of value, not quantity. Therefore, prices are very important here, and inflation in December was the lowest since 2016.

That's why a lot of retail sales are expressed in what are called constant prices. In this approach, year-on-year increased by 3.9 percent.

Among groups with a significant share of retail sales, one of the highest increases can be proud of by cars, motorbikes and parts companies (by 6.8%), as well as entities that carry out other retail sales in non-specialty stores ( including discount stores and supermarkets)), where sales increased by 5.1 percent. The smaller importance for general statistics is that furniture stores, RTTVs, household appliances are afraid of their predecessors with an 8.1 percent increase.

The decrease in sales was recorded in the trade units of food, beverages and tobacco products (by 2.4%).

(Press material)

(Photo: GUS)

4 minutes ago

RicoNow only 500+ and politicians are crazy about shopping, the rest buy only to survive.

5 minutes ago

FochHow did this happen? everything becomes more expensive! electricity, gas, fuel, food! What can you find here optimistic?

1 minute ago

daniBut manipulation! How can people make water from the brain! The craze is higher than in 2017 and they write negative. Shy!

Expand comments (4)

Chosen for you


Source link