Poland Retail August 2021

Poland

Poland: Retail sales growth picks up pace in August

September 21, 2021

Retail sales rose 10.7% compared to the same month of the previous year in August, which followed July's 8.9% increase. Looking at the details of the release, August's pick up was broad-based, with the motor vehicles, motorcycles and parts, textiles, clothing and footwear, and furniture, radio, tv and household appliances sub-sectors all gaining steam.

Meanwhile, the trend improved sizably, with the annual average growth of retail sales coming in at an over one-year high of plus 6.7%, up from July's 5.8%.

FocusEconomics Consensus Forecast panelists see private consumption growing 5.3% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel sees private consumption expanding 5.5%.


Author:, Economist

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Poland Retail Chart


Poland Retail August 2021

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


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