Retail sales in Poland slumped 22.6 percent year-on-year in April of 2020, following a 7.1 percent fall in the previous month and compared to market expectations of a 16.9 percent drop. It is the biggest slump in retail trade on record, as sales declined faster for motor vehicles, motorcycles, parts (-54.8 percent vs -32.7 percent in March); solid, liquid and gaseous fuels (-42.2 percent vs -14.4 percent); textiles, clothing, footwear (-64.6 percent vs -50.5 percent) and newspapers, books, other sale in specialized stores (-28.4 percent vs -20.8 percent). Also, sales fell for food, beverages and tobacco products (-9.1 percent vs 9.9 percent); pharmaceuticals, cosmetics, orthopaedic equipment (-13.8 percent vs 11.6 percent) and furniture, radio, TV and household appliances (-16.6 percent, the same as in March).
Retail Sales YoY in Poland averaged 7.01 percent from 2001 until 2020, 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 May of 2020. source: Central Statistical Office of Poland (GUS)
Retail Sales YoY in Poland is expected to be 3.00 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 2.50 in 12 months time. In the long-term, the Poland Retail Sales YoY is projected to trend around 2.80 percent in 2021, according to our econometric models.