Poland Retail August 2020

Poland

Poland: Retail sales slow in August

September 21, 2020

Retail sales expanded 0.4% compared to the same month a year earlier in August, which was notably below July’s 2.7% rise.

August’s softer expansion largely came on the back of easing textiles, clothing and footwear sales. In addition, furniture, radio, tv and household appliances sales also lost steam.

Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 0.2% in August, down from July's 0.7%.

FocusEconomics Consensus Forecast panelists see private consumption decreasing 4.6% in 2020, which is down 0.2 percentage points from last month’s forecast. For 2021, the panel sees private consumption expanding 4.7%, which is up 0.1 percentage points from last month’s estimate.


Author:, Economist

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Poland Retail Chart


Poland Retail August 20 20

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


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