Retail Merchandising Blog

Retail News: Polish retail sales rise dampens chance of rate cut
April 22, 2002 08:09 AM ET
By Justyna Pawlak

WARSAW, April 22 (Reuters) - Poland's retail sales jumped nearly 10 percent in annual terms last month, the strongest evidence to date of a long-awaited economic recovery that may stop the central bank from cutting interest rates this week, analysts said. The Central Statistical Office said on Monday that March retail sales rose 20 percent from February, increasing 9.9 percent from the same month last year -- the largest annual rise since the start of 2001.