Poland Retail July 2016


Growth in retail sales loses momentum in July

In July, retail sales rose 2.0% over the same month last year, which was below June’s 4.6% increase and marked a four-month low. The reading grossly undershot the 4.2% rise that markets analysts had expected. The deceleration came on the back of slower growth across the board, with sales of motor vehicles, motorcycles and parts recording a profound slowdown.

Meanwhile, annual average growth in retail sales inched up from June’s 2.1% to 2.2% in July, the highest reading since January 2015.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.7% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, the panel sees private consumption expanding 3.6%.

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Poland Retail Chart

Poland Retail July 2016 0

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

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