Poland grocery retail sales to grow 8.4% to 2016 says new report
According to the report ‘Poland Food and Drink Report Q3 2012’ private consumption is weakening. Commentators have focused on headline nominal retail sales growth in Q112, which grew by 12.9% on Q111, but missed less impressive volume numbers, which increased only 0.4% year-on-year (y-o-y) in Q112. The report states that consumption growth will grow 5.3%.to 2016. Beer sales will grow 1.5%. to 2016 and mass grocery retail sales will grow 8.4% to 2016. Key company Jerónimo Martins Q1 earnings are up, states the 124 page report,