Poland’s economy: more signs of life | beyondbrics

Poland’s economy: more signs of life | beyondbrics:

"

Is Poland’s sluggish economy on the road to recovery? There were further signs that it might be on Tuesday, as retail sales in June showed a bigger than expected expansion of 1.8 per cent compared with the same month last year, and unemployment continued to edge down.

This from Katarzyna Rzentarzewska of Erste Group:

This is more good news this month, as the [retail sales] reading is above market expectations of 1.2% y/y. After the positive surprise from industry, which grew by 3.0% y/y in June (well above market expectations of 1.0% y/y), retail sales suggest that the downward trend finally seems to be reversed."

'via Blog this'