Poland Retail

Poland

Poland: Growth in retail sales moderates in August

September 23, 2014

In August, retail sales expanded 1.7% over the same month last year. The expansion was below the 2.1% increase tallied in July, but beat market expectations of a 1.4% rise. The slower growth was mainly driven by weaker sales of motor vehicles and pharmaceuticals, and at non-specialized miscellaneous retailers. In contrast, sales of clothing and footwear as well as furniture and household appliances increased.

Annual average growth in retail sales fell slightly from 4.2% in July to 4.1% in August. Average growth in retail sales has been on a soft downward trend since May.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.7% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel sees private consumption expanding 3.3%.


Author:, Economist

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Poland Retail Chart


Poland Retail August 2014

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


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