Retail Sales in Poland
Poland - Retail Sales
Retail sales growth hits five-month high in October
Retail sales grew 14.4% in year-on-year terms in October, which was above September's 11.1% increase. The print marked the strongest expansion since May. Looking at the details of the release, textiles, clothing and footwear sales, and solid, liquid and gaseous fuels sales gathered steam, while motor vehicles, motorcycles and parts sales decreased at a sharper pace in October.
Meanwhile, the trend improved significantly, with the annual average growth of retail sales coming in at plus 8.8% in October, up from September's 7.4% reading.
FocusEconomics Consensus Forecast panelists see private consumption growing 5.6% in 2022, which is unchanged from last month’s forecast. For 2023, the panel sees private consumption expanding 4.0%.
Poland - Retail Sales Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 1.3 | 3.7 | 8.2 | 7.9 | 6.7 |
Poland Retail Sales Chart
Source: Central Statistics Office.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.07 | -0.30 % | Dec 31 |
| Exchange Rate | 3.79 | -0.53 % | Jan 01 |
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Economic News
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Poland: Retail sales growth hits five-month high in October
November 23, 2021
Retail sales grew 14.4% in year-on-year terms in October, which was above September's 11.1% increase.
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Poland: Industrial output records lowest growth since February in October
November 22, 2021
Industrial output expanded 7.8% in year-on-year terms in October, which was a deterioration from September's 8.8% increase.
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Poland: Inflation comes in at highest level in over 20 years in October
November 15, 2021
Consumer prices rose 1.10% in October over the previous month, picking up from September's 0.70% increase.
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Poland: GDP growth slows in the third quarter, but remains robust
November 12, 2021
According to a preliminary estimate, GDP growth lost steam in the third quarter, slowing to 5.1% year-on-year from 11.2% in the second quarter.
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Poland: Central Bank hikes rates again in November
November 3, 2021
At its meeting on 3 November, the National Bank of Poland (NBP) raised the reference rate by 75 basis points to 1.25%, which was a larger hike than expected by market analysts.
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