Poland Retail March 2019

Poland

Poland: Retail sales growth more than halves in March

April 23, 2019

Nominal retail sales rose 3.1% year-on-year in March, decelerating considerably from February’s 6.5% rise. March’s expansion was driven largely by robust sales of furniture, radio, TV and household appliances, as well as of motor vehicles. On the other hand, sales of food, beverages and tobacco products shrank notably.

Consequently, annual average growth in nominal retail sales slowed from 7.6% in February to 7.1%, the softest reading in 20 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 March 2019

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


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