Retail Sales in Poland
Poland - Retail Sales
Retail sales contract at sharpest pace on record in April
Retail sales nosedived 22.6% year-on-year in April amid lockdown (March: -7.0% yoy), marking the steepest fall on record.
Looking at the details of the release, the plunge came on the back of freefalling sales of motor vehicles, motorcycles and parts; textiles, clothing and footwear; and of solid, liquid and gaseous fuel.
On average, retail sales grew 3.0% in April, which was notably below March’s 6.0% expansion. The reading marked the worst result since August 2016.
FocusEconomics Consensus Forecast panelists see private consumption decreasing 3.8% in 2020, which is down 1.9 percentage points from last month’s forecast. For 2021, the panel sees private consumption expanding 4.8%.
Poland - Retail Sales Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 3.1 | 1.3 | 3.7 | 8.2 | 7.9 |
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: Inflation at six-month low on plunging fuel prices in May
May 29, 2020
Consumer prices fell 0.2% over the previous month in May, following April’s 0.1% dip, according to provisional data released by the Poland’s Statistical Institute (GUS).
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Poland: Growth weakens to over-six year low in Q1 but economy shows resilience
May 29, 2020
In the first quarter, the economy grew 2.0% year-on-year in unadjusted terms, according to a second estimate released by Poland’s Statistical Institute (GUS).
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Poland: Central Bank slashes rates to fresh all-time low in May; reaffirms quantitative easing
May 29, 2020
On 28 May, the National Bank of Poland (NBP) slashed the reference rate from 0.50% to a new record low of 0.10%, in a further bid to mitigate the fallout from coronavirus.
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Poland: Retail sales contract at sharpest pace on record in April
May 25, 2020
Retail sales nosedived 22.6% year-on-year in April amid lockdown (March: -7.0% yoy), marking the steepest fall on record.
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Poland: Business sentiment recovers some lost ground but remains abysmal in May
May 25, 2020
Manufacturing-sector business confidence recovered some lost ground in May, although it remained deeply entrenched in pessimist terrain due to measures to contain the spread of Covid-19.
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