Retail Sales in Poland

Poland Retail Sales | Economic News & Forecasts

Poland - Retail Sales

Retail sales growth picks up pace in September

Retail sales rose 2.7% year-on-year in September, which was markedly up from August’s 0.4% increase.

September's notable improvement was largely driven by a notable rebound in motor vehicles, motorcycles and parts sales. In contrast, textiles, clothing and footwear sales fell in September.

Meanwhile, the annual average variation of retail sales come in at 0.0% in September, down from August's 0.2%.

Commenting on the outlook for the Polish economy, Rafal Benecki and Dawid Pachucki, chief and senior Poland economists at ING, reflected:

“The economy's performance in October will probably remain relatively good, as shown by a slight deterioration visible in the effective lockdown indexes. However, we believe that with the introduction of further restrictions, the economic situation will deteriorate in the coming months. For the time being, the restrictions only cover hotels, restaurants and sports and recreation facilities. However, the example of other countries shows that when a pandemic gets out of control, the pressure to introduce full lockdowns increases. This creates the risk of economic downturn on both, Polish export markets and domestically.”

FocusEconomics Consensus Forecast panelists see private consumption decreasing 4.1% in 2020, which is up 0.5 percentage points from last month’s forecast. For 2021, the panel sees private consumption expanding 4.6%, which is down 0.1 percentage points from last month’s estimate.

Poland - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)1.3  3.7  8.2  7.9  6.7  

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Poland Retail Sales Chart

Poland Retail
Note: Annual variation of retail sales in %.
Source: Central Statistics Office.

Poland Facts

Value Change Date
Bond Yield2.07-0.30 %Dec 31
Exchange Rate3.79-0.53 %Jan 01

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