Poland: Retail sales recover in October on rebounding auto sales

Nominal retail sales rose 9.7% from the same month a year earlier in October, up sharply from September’s 5.6% year-on-year expansion. October’s stronger reading was driven largely by a recovery in automobile sales, which plummeted a month earlier on the heels of new emissions-testing procedures.

Meanwhile, annual average growth in nominal retail sales ticked up to 8.1% from 8.0% a month earlier.

Poland Private Consumption Forecast

FocusEconomics Consensus Forecast panelists see private consumption growing 4.1% in 2019, which is up 0.2 percentage points from last month’s forecast. For 2020, the panel sees private consumption expanding 3.2%.