Poland Retail July 2017

Poland

Poland: Growth in retail sales picks up in July

August 24, 2017

Retail sales in July rose 7.1% over the same month in 2016, gaining momentum from June’s 6.1% rise. The acceleration was mainly driven by higher sales of fuel and furniture, radio, TVs and household appliances.

July’s boost in retail sales contributed to the upward annual trend, as the average annual growth in retail sales grew from 6.7% in June to 7.1% in July. This marked the highest reading in over four and a half years.

FocusEconomics Consensus Forecast panelists see private consumption growing 4.1% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees private consumption expanding 3.5%.


Author:, Economist

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Poland Retail Chart


Poland Retail July 2017

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


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