Poland: retail sales down in March 2023

Polish retail sales went down by 6.1% YoY in March after a 0.7% decrease in February, Eurostat, the EU’s statistics agency, reported. Month on month, retail sales went down by 2.4%, the agency also said. Retail sales in the eurozone fell by 3.8% YoY in March after a 2.4% decrease a month before. In monthly…

Poland: banks to tighten lending criteria

Polish banks look set to tighten the lending criteria for all types of loans in the second quarter, according to a central bank survey of the heads of banks’ loan committees. The biggest tightening could hit consumer loans due to an expected deterioration in economic conditions, and an increase in the share of non-performing loans…