Poland Retail October 2016


Poland: Growth in retail sales slows in October

November 21, 2016

In October, retail sales rose 3.7% over the same month last year, which was below September’s 4.8% increase. The reading undershot the 4.1% rise that markets analysts had expected. The deceleration came partly on the back of a sharp downturn in sales of motor vehicles, motorcycles and parts.

Meanwhile, annual average growth in retail sales rose from September’s 3.1% to 3.3% in October, the highest reading since November 2014.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.5% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees private consumption expanding 3.4%, which is also unchanged from last month’s projection.

Author: Angela Bouzanis, Senior Economist

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Poland Retail Chart

Poland Retail October 2016

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

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