Poland Retail


Poland: Retail sales rebound in December

February 2, 2015

In December, retail sales increased 1.8% over the same month of the previous year, which contrasted the 0.2% drop recorded in November. December’s reading came in below the 2.2% that the markets had expected. The increase reflected higher sales for motor vehicles, as well as for food, beverages and tobacco, pharmaceutical products and clothing. Conversely, sales for household appliances were lower than in the previous month.

Despite December’s improvement, annual average growth in retail sales continued on the downward trend that began in May 2014. Annual average growth dropped from 3.5% in November to 3.1% in December, which marked the lowest reading in 11 months.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.6% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption expanding 3.0%.

Author:, Economist

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Poland Retail Chart

Poland Retail December 2014

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

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