Poland Retail November 2020

Poland

Poland: Retail sales drop at sharpest rate since May in November

December 21, 2020

Retail sales sank 5.3% compared to the same month a year earlier in November, which was a larger contraction than October's 2.1% decrease. The figure marked the worst reading since May. Looking at the details of the release, November's drop was largely driven by a fall in motor vehicles, motorcycles and parts sales. In addition, sales also contracted in both the textiles, clothing and footwear, and furniture, radio, tv and household appliances sub-sectors.

Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 1.6% in November, down from October's minus 0.6%.

FocusEconomics Consensus Forecast panelists see private consumption growing 4.3% in 2021, which is down 0.2 percentage points from last month’s forecast. For 2022, the panel sees private consumption expanding 4.2%.


Author:, Economist

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Poland Retail Chart


Poland Retail November 20 20

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


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