Poland skyline at golden hour

Poland Retail December 2023

Poland: Retail sales growth moderates in December

Retail sales expanded 0.5% year on year in December (November: +2.6% yoy). Declining sales of solid textiles, clothing, footwear and furniture, radio, TV and household appliances were mainly behind the deceleration.

Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 4.6%, down from November’s 5.8%.

Commenting on the outlook, ING’s Rafal Benecki and Piotr Poplawski stated:

“The recovery in consumer spending has been slow so far, despite a marked rebound in real wage growth, as Poles increase savings. Despite the weaker data for late 2023, we believe consumption will rebound this year as real disposable income rises faster than before the pandemic.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest