Poland Retail January 2017

Poland

Poland: Growth in retail sales jumps to multi-year high in January

February 23, 2017

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%.


Author:, Economist

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Poland Retail Chart


Poland Retail January 2017

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


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