Poland Retail October 2020

Poland

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

November 23, 2020

Retail sales dropped 2.1% year-on-year in October, contrasting September’s 2.7% expansion. The result marked the sharpest contraction since May and was partly driven by a deterioration in motor vehicles, motorcycles and parts sales, which fell at the sharpest pace in five months. In addition, textiles, clothing and footwear sales fell at a faster clip compared to the previous month.

Moreover, the trend pointed down, with the annual average variation of retail sales coming in at minus 0.6%, down from September's flat reading.

FocusEconomics Consensus Forecast panelists see private consumption growing 4.5% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, the panel sees private consumption expanding 3.9%.


Author:, Economist

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Poland Retail Chart


Poland Retail October 20 20

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


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