Poland Retail March 2016


Poland: Retail sales lose steam in March

April 25, 2016

In March, retail sales rose 0.8% over the same month last year, which was below February’s 3.9% increase and marked a five-month low. The reading notably undershot the 3.4% rise that markets analysts had expected. The deceleration came on the back of a deterioration in seven of the nine categories that comprise the index, with a significant contraction recorded in sales of fuels.

In addition, annual average growth in retail sales fell from 1.8% in February, which had marked an almost-one-year high, to 1.6% in March.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.7% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, the panel also sees private consumption expanding 3.7%.

Author: Angela Bouzanis, Senior Economist

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Poland Retail Chart

Poland Retail March 2016

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

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