Poland: Retail sales growth perks up in January

Nominal retail sales rose 6.6% year-on-year in January, up from December’s 4.7% rise. January’s pick-up was driven largely by faster food and beverage sales, as well as fuel sales. Motor vehicle sales, which have been volatile since the recent introduction of new emissions-testing procedures, climbed marginally.

All told, annual average growth in nominal retail sales ticked down to 7.7% from 7.9% in December.

Poland Private Consumption Forecast

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%.