Poland Retail October 2021

Poland

Poland: Retail sales growth hits five-month high in October

November 23, 2021

Retail sales grew 14.4% in year-on-year terms in October, which was above September's 11.1% increase. The print marked the strongest expansion since May. Looking at the details of the release, textiles, clothing and footwear sales, and solid, liquid and gaseous fuels sales gathered steam, while motor vehicles, motorcycles and parts sales decreased at a sharper pace in October.

Meanwhile, the trend improved significantly, with the annual average growth of retail sales coming in at plus 8.8% in October, up from September's 7.4% reading.

FocusEconomics Consensus Forecast panelists see private consumption growing 5.6% in 2022, which is unchanged from last month’s forecast. For 2023, the panel sees private consumption expanding 4.0%.


Author:, Economist

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Poland Retail Chart


Poland Retail October 2021

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


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