Indonesia: Retail sales growth eases in March
Retail sales expanded 3.5% year on year in March (February: +6.4% yoy). The figure was partly due to a deterioration...
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: Central Statistical Office Poland.
Poland Retail Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 7.9 | 6.7 | -2.3 | 12.5 | 20.8 |
Retail sales growth moderates in December
Retail sales expanded 0.5% year on year in December (November: +2.6% yoy). Declining sales of solid textiles, clothing, footwear and furniture, radio, TV and household appliances were mainly behind the deceleration. Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 4.6%, down from November's 5.8%.
Commenting on the outlook, ING’s Rafal Benecki and Piotr Poplawski stated: “The recovery in consumer spending has been slow so far, despite a marked rebound in real wage growth, as Poles increase savings. Despite the weaker data for late 2023, we believe consumption will rebound this year as real disposable income rises faster than before the pandemic.”
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 2 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.
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