Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,158,839 members, 7,838,012 topics. Date: Thursday, 23 May 2024 at 01:59 PM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Retail Sales Drops In Europe (185 Views)
Zimbabwe Drops 'battered' Dollar, Introduces Gold-backed 'ZIG' Currency / Heatwave HELL In Europe As 'lucifer' Heat Dome Sweeps Continent(Pics, Video) / Nigeria's Passport Loses Value, Drops In World Ranking (2) (3) (4)
(1) (Reply)
Retail Sales Drops In Europe by WastedSpyPlane: 7:19am On Mar 23, 2023 |
Skyrocketing inflation has dampened household consumption, an official report says. Retail sales in Poland slumped for a second straight month in February, at the fastest pace since 2020 as inflation continued to squeeze spending power, Statistics Poland reported on Tuesday. Last month, sales in the sector dropped by 5% year-on-year, far more than an expected 1.4% decline, the figures showed. On a monthly basis, retail saw a 3.6% decline from January. “Retail sales of goods, with calculations based on data from stores with at least 10 employees, decreased by 5% in February. At the same time, in January this fall was 0.3%,” the report said. Economists attribute the weak turnover to persisting pressure on households’ real disposable incomes and purchasing power, caused by spiraling inflation. Sales of furniture and household appliances slid 10.3% in February, while retail sales of other durable goods contracted by 12.3%. Purchases of food in Poland fell for a second month in a row , losing 4.6% in February compared to the same period last year. The data also showed a 26.2% annual decline in fuel sales. Poland’s inflation is at its highest since 1996. ;DConsumer prices rose 18.4% year-on-year in February, up from the 16.6% the previous month, according to the latest data from Statistics Poland. https://www.rt.com/business/573371-poland-retail-sales-drop/ 1 Like
|
Re: Retail Sales Drops In Europe by BidenDTrounce: 12:10pm On Mar 24, 2023 |
pansophist:
|
(1) (Reply)
Justice Dept. Said To Have Evidence Of Possible Trump Obstruction At Mar-a-lago / America Is In A Revolution / US Government Creates 253,000 Jobs Amid Rate Hikes.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10 |