Poland Retail May 2020

Poland

Poland: Retail sales contract at much softer pace in May

June 22, 2020

Retail sales contracted 8.6% year-on-year in May, following April’s 22.6% collapse, which had marked the steepest fall on record.

Looking at the details of the release, the plunge came on the back of sharps contraction in sales of motor vehicles, motorcycles and parts; solid, liquid and gaseous fuel; and of textiles, clothing and footwear.

Meanwhile, annual average retail sales grew 1.7% in May, which was notably below April’s 3.0% expansion.

FocusEconomics Consensus Forecast panelists see private consumption decreasing 3.8% in 2020, which is down 1.9 percentage points from last month’s forecast. For 2021, the panel sees private consumption expanding 4.8%.


Author: Massimo Bassetti, Senior Economist

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Poland Retail Chart


Poland Retail May 20 20

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


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