Poland Retail February 2017


Poland: Growth in retail sales decelerate in February

March 23, 2017

In February, retail sales rose 7.3% over the same month of 2016, which was a slowdown from January’s strong 11.4% expansion. Although still robust, sales across most components lost steam, with pronounced slowdowns in sales of motor vehicles and fuels.

The trend improved in February, when annual average growth in retail sales climbed from January’s 4.6% to 4.9%, the highest reading in over 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%.

Author: Marlène Rump, Senior Data Analyst

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Poland Retail Chart

Poland Retail February 2017

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

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