Poland Retail June 2016


Growth in retail sales gains momentum in June

In June, retail sales rose 4.6% over the same month last year, which was above May’s 2.2% increase and marked a six-month high. The reading overshot the 3.7% rise that markets analysts had expected. The acceleration was partly driven by higher sales almost across the board with sales of textiles, clothing and footwear growing notably.

Meanwhile, annual average growth in retail sales was stable at May’s 2.1%, the highest reading since January 2015.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.6% in 2016, which is unchanged from last month’s forecast. For 2017, the panel also sees private consumption expanding 3.6%.

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Poland Retail Chart

Poland Retail June 2016

Note: Year-on-year and annual average variation in %.
Source: Central Statistical Office (GUS) and FocusEconomics calculations.

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