Poland Retail October 2019

Poland

Poland: Retail sales growth inches up in October

November 27, 2019

Nominal retail sales increased 5.4% year-on-year in October, slightly above September’s 5.3% rise. October’s expansion was broad-based, with the fastest increases recorded for furniture, radio, TV and household appliances; other retail sale in non-specialized stores; pharmaceuticals, cosmetics, and orthopedic equipment; newspapers, books, other sale in specialized stores.

Meanwhile, annual average growth in nominal retail sales held dropped from 7.0% in September to 6.6% in October, marking the weakest reading since May 2017.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.9% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees private consumption growing 3.5%.


Author: Massimo Bassetti, Economist

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Poland Retail Chart


Poland Retail October 2019

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


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