Poland Retail


Poland: Retail sales decelerate in July

August 24, 2015

In July, retail sales grew 1.2% over the same month last year, which was below June’s 3.8% increase and undershot the 2.8% rise that markets had expected. The reading was the lowest in three months. The deceleration came on the back of poorer performances in all categories except for gas and fuels sales, which inched up compared to last month.

As a consequence, annual average growth in retail sales inched down from June’s 1.3% rise to a 1.2% increase in July.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.5% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel also sees private consumption expanding 3.5%.

Author:, Economist

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Poland Retail Chart

Poland Retail July 2015 0

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

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