Poland Retail


Poland: Retail sales rebound in March

April 20, 2015

In March, retail sales increased 3.0% over the same month of last year, rebounding from the 1.3% decrease tallied in February and overshooting the 1.5% increase that the markets had expected. March’s reading was the highest since May 2014, while February’s print had marked the lowest reading in over two years. The increase reflected higher sales for all categories that comprise the index except for newspapers and books, which registered a mild decrease compared to the same month of last year. Sales of food, beverages and tobacco as well as of clothing and footwear recorded the largest increases in retail sales.

Despite March’s increase, annual average growth in retail sales continued on the downward trend that began in May 2014. Annual average growth inched down from 2.1% in February to 2.0% in March, which marked the lowest reading in over a year.

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 March 2015

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

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