Poland Retail June 2020


Poland: Retail sales fall at softer pace in June

July 22, 2020

Retail sales fell 1.9% year-on-year in June (May: -8.6% yoy). The upturn was primarily due to an improvement in motor vehicles, motorcycles and parts and textiles, clothing and footwear sales.

Annual average retail sales increased 1.1% in June, which was below May’s 1.7% expansion and marked the worst result since October 2015.

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 June 20 20

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

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