Poland Retail

Poland

Poland: Retail sales in April fall at the sharpest rate since December 2012

May 26, 2015

In April, retail sales fell 1.5% over the same month last year, contrasting the 3.0% increase tallied in March and significantly undershooting the 1.1% increase that the markets had expected. April’s reading was the lowest since December 2012. The contraction reflected falls in sales of fuels as well as food, beverage and tobacco products. Conversely, books and pharmaceuticals sales recorded significant increases.

As a consequence of April’s decrease, annual average growth in retail sales continued on the downward trend that began in May 2014. Annual average growth fell from 2.0% in March to 1.2% in April, which marked a multi-year low.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.2% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption expanding 3.4%.


Author:, Economist

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Poland Retail Chart


Poland Retail April 2015

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


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