Poland: Retail sales continue to expand robustly in February
March 23, 2018
Retail sales rose 7.9% from the same month a year earlier in February, decelerating slightly from January’s 8.2% year-on-year increase. February’s result was primarily driven by buoyant growth in sales of textiles; clothing and footwear; pharmaceuticals and furniture, radio, TV and household appliances. On the other hand, growth in sales of motor vehicles was weaker than in the previous month.
Meanwhile, average annual growth in retail sales in February came in at 8.0%, marginally up from January’s 7.9%.
Poland Private Consumption Forecast
FocusEconomics Consensus Forecast panelists see private consumption growing 3.8% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees private consumption expanding 3.5%.