Retail Sales in Poland
Poland - Retail Sales
Growth in retail sales jumps to multi-year high in January
In January, retail sales in Poland rose 11.4% over the same month of 2016, which was well above December’s 6.4% increase. The reading marked the strongest growth in nearly seven years. The improvement was broad-based across nearly all sub-indices, with the fastest growth recorded in fuel and vehicle sales, as well as sales of pharmaceutical, cosmetic, and orthopedic equipment.
The trend improved in January; annual average growth in retail sales jumped from December’s 3.7% to 4.6% and was the highest reading in four years.
FocusEconomics Consensus Forecast panelists see private consumption growing 3.5% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel sees private consumption expanding 3.0%.
Poland - Retail Sales Data
|Retail Sales (annual variation in %)||11.2||6.4||2.4||3.1||1.3|
5 years of economic forecasts for more than 30 economic indicators.
Poland Retail Sales Chart
Source: Central Statistics Office.
|Bond Yield||3.54||-0.76 %||Mar 27|
|Exchange Rate||3.91||-0.98 %||Mar 27|
|Stock Market||58,339||-1.24 %||Mar 27|
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March 14, 2017
Consumer prices rose 0.3% over the previous month in February, which came in a notch below the 0.4% increase in January.
March 8, 2017
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 7–8 March monetary policy meeting.
March 1, 2017
The Manufacturing Purchasing Managers’ Index (PMI) fell slightly from January’s 54.8 to 54.2 in February, according to IHS Markit.
February 28, 2017
Poland’s economy gained steam in the fourth quarter amid a pick-up in exports and private consumption.
February 23, 2017
The manufacturing sector business climate index rose from 2.7 points in January to 4.5 points in February, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).