Hong Kong: Retail sales drop again in July
Retail sales fell 13.3% year on year in July (June: -11.2% yoy). Looking at the details of the release, the...
Retail Sales in Poland
The Polish economy recorded an average growth rate of 6.4% in retail sales in the decade to 2022, far above the 1.5% average for Eastern Europe. In 2022, retail sales growth was 20.8%.
Poland Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Poland from 2014 to 2023.
Source: Macrobond.
Poland Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 6.7 | -2.3 | 12.5 | 20.8 | 4.6 |
Retail sales growth speeds up in May
Retail sales grew 5.4% in year-on-year terms in May, which was above April's 4.3% increase. Looking at the details of the release, motor vehicles, motorcycles and parts sales grew at a softer rate in May, while textiles, clothing and footwear sales fell at a milder, albeit still pronounced, pace. Meanwhile, furniture, radio, TV and household appliances sales fell at a quicker rate. Meanwhile, annual average retail sales growth rose to 3.8% in May (April: +3.5%), signaling an improving trend in the retail trade sector.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Polish retail projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Polish retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Polish retail projections.
Want to get access to the full dataset of Polish retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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Spain: Retail sales growth gains momentum in July
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Retail sales grew 4.3% compared to the same month of the previous year in July, which was above June’s 2.7%...