Poland Retail February 2020

Poland

Poland: Coronavirus fears boost retail sales in February

March 20, 2020

Nominal retail sales soared 9.6% year-on-year in February, up from January’s 5.7% expansion. Consumer spending was boosted by fears of product shortages due to the spread of coronavirus in February. The expansion was broad-based, with the fastest increases recorded for pharmaceuticals; textiles, clothing and footwear; furniture, radio, TV and household appliances; and food, beverages and tobacco products.

Meanwhile, annual average growth in nominal retail sales rose to 6.8% in February from 6.6% in January.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.8% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees private consumption growing 3.3%.


Author: Massimo Bassetti, Economist

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Poland Retail Chart


Poland Retail February 20 20

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


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