Poland: Nominal retail sales slow in July
August 24, 2018
Nominal retail sales rose 9.3% from the same month a year earlier in July, decelerating from June’s 10.3% year-on-year expansion. July’s moderation was partly the result of slower food sales. More broadly, however, stronger sales were recorded across the automotive, fuels, pharmaceutical and clothing categories.
Meanwhile, annual average growth in nominal retail sales ticked up to 8.1% from 7.9% a month earlier.
Poland Private Consumption Forecast
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%.
Author: Christopher Thomas, Economist