Poland Retail August 2018

Poland

Poland: Nominal retail sales moderate in August

September 25, 2018

Nominal retail sales rose 9.0% from the same month a year earlier in August, down slightly from July’s 9.3% year-on-year expansion. August’s moderation was partly the result of weaker automobile sales, as well as slower fuel sales. More broadly, however, stronger sales were recorded across the food, pharmaceutical and clothing categories.

Meanwhile, annual average growth in nominal retail sales ticked up to 8.2% from 8.1% a month earlier.

FocusEconomics Consensus Forecast panelists see private consumption growing 4.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees private consumption expanding 3.8%, also unchanged from last month’s forecast.


Author:, Economist

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Poland Retail Chart


Poland Retail August 2018 0

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


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