Poland Retail January 2016


Poland: Retail sales growth decelerates in January

February 25, 2016

In January, retail sales rose 0.9% over the same month last year, which was below December’s 4.9% increase and marked a three-month low. The reading undershot the 2.9% rise that markets had expected. The deceleration came on the back of worse performances in six of the nine categories that comprise the index, compared to last month, with newspapers and books as well as motor vehicles recording the most significant deteriorations.

Annual average growth in retail sales inched up from December’s 1.3% to 1.4% in January, which marked a 10-month high.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.3% in 2016, which is unchanged from last month’s forecast. For 2017, the panel also sees private consumption expanding 3.3%.

Author:, Economist

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Poland Retail Chart

Poland Retail January 2016

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

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