Poland Retail February 2019

Poland

Poland: Retail sales growth remains robust in February

March 21, 2019

Nominal retail sales rose 6.5% year-on-year in February, marginally down from January’s 6.6% rise. Strong growth in the first two months bodes well for consumer spending in Q1. February’s expansion was driven largely by fast sales of furniture, radio, TV and household appliances, as well as of pharmaceuticals, cosmetics, and orthopedic equipment. Motor vehicle sales, which have been volatile since the recent introduction of new emissions-testing procedures, increased marginally.

All told, annual average growth in nominal retail sales inched down to 7.6% from 7.7% in January.

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 February 2019

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


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