Poland Retail January 2020

Poland

Poland: Retail sales rise solidly at 2020 outset

February 21, 2020

Nominal retail sales rose 5.7% year-on-year in January, down from December’s 7.5% jump. January’s expansion was broad-based, with the fastest increases recorded for textiles, clothing and footwear; furniture, radio, TV and household appliances; and food, beverages and tobacco products. Meanwhile, purchases of newspapers, books and other sale in specialized stores dipped in the month.

Meanwhile, annual average growth in nominal retail sales ticked down to 6.6% in January from 6.7% in December.

FocusEconomics Consensus Forecast panelists see private consumption growing 3.8% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees private consumption growing 3.3%.


Author:, Economist

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Poland Retail Chart


Poland Retail January 20 20

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


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