Retail sales in Poland plunged 6 percent year-on-year in January of 2021, following a 0.8 percent decrease in the prior month and compared with market expectations of a 5 percent drop. It was the largest contraction since May of 2020, as sales fell at a faster pace for fuels (-16.4 percent vs -11.3 percent in December); clothing & footwear (-40.8 percent vs -11.9 percent); pharmaceuticals & cosmetics (-9.2 percent vs -0.9 percent); food, beverages & tobacco (-0.8 percent vs 0.7 percent); and newspapers & books (-11.9 percent vs -2.2 percent). On the other hand, sales advanced faster for furniture, appliances & electronics (7.1 percent vs 3.5 percent), while sales of motor vehicles & parts fell at a softer pace (-5 percent vs -7.9 percent). On a monthly basis, retail trade sank a non-seasonally adjusted 24.9 percent, after hiking 19.8 percent in the previous month. source: Central Statistical Office of Poland (GUS)
Retail Sales YoY in Poland averaged 6.65 percent from 2001 until 2021, reaching an all time high of 30.60 percent in April of 2004 and a record low of -22.60 percent in April of 2020. This page provides the latest reported value for - Poland Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Poland Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Retail Sales YoY in Poland is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Poland to stand at 4.20 in 12 months time. In the long-term, the Poland Retail Sales YoY is projected to trend around 4.20 percent in 2022 and 2.80 percent in 2023, according to our econometric models.