Poland Retail April 2019

Poland

Poland: Retail sales growth jumps to over seven-year high

May 23, 2019

Nominal retail sales skyrocketed 13.6% year-on-year in April, pulverizing March’s 3.1% rise. April’s expansion was broad-based, yet it was driven largely by surging sales of furniture, radio, TV and household appliances, as well as of food, beverages and tobacco—all of which soared more than 20%.

Consequently, annual average growth in nominal retail sales accelerated from 7.1% in March to 7.9%, the highest reading in four months.

FocusEconomics Consensus Forecast panelists see private consumption growing 4.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees private consumption growing 3.4%.


Author: Massimo Bassetti, Economist

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Poland Retail Chart


Poland Retail April 2019

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


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