Poland Retail February 2021

Poland

Poland: Decline in retail sales softens in February

March 19, 2021

Retail sales dropped 2.7% year-on-year in February (January: -6.0% yoy). The softer contraction came on the back of an upturn in motor vehicles, motorcycles and parts sales, as well as in textiles, clothing and footwear sales.

Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 4.3%, down from January's minus 3.2% reading.

FocusEconomics Consensus Forecast panelists see private consumption growing 4.5% in 2021, which is unchanged from last month’s forecast. For 2022, the panel sees private consumption expanding 4.4%.


Author:, Economist

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Poland Retail Chart


Poland Retail February 2021

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


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