Poland Retail January 2021

Poland

Poland: Retail sales fall at sharpest rate since May 2020 in January

January 22, 2021

Retail sales collapsed 6.0% year-on-year in January (December: -0.8% yoy), marking the sharpest drop since May 2020. Looking at the details of the release, textiles, clothing and footwear sales fell at a sharper pace in January, while food beverages and tobacco sales swung to contraction in January.

Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 3.2%, down from December's minus 2.3%.

FocusEconomics Consensus Forecast panelists see private consumption growing 4.5% in 2021, which is unchanged from last month’s forecast. For 2022, the panel sees private consumption expanding 4.3%.


Author:, Economist

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Poland Retail Chart


Poland Retail January 2021

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


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