Retail trade in Poland increased 7.3 percent year-on-year in May of 2019, easing from a 13.6 percent jump in the previous month and below market expectations of 8.3 percent. Sales slowed for fuels (4 percent from 10 percent in April); food, beverages & tobacco (5.2 percent from 21.5 percent); furniture, appliances & electronics (17.4 percent from 20.3 percent); newspapers and books (1.4 percent from 3.8 percent) and in other non-specialised stores (9.6 percent from 21 percent). Also, sales of clothing & footwear fell 1.9 percent, down from a 4.3 percent gain in April. On the other hand, sales advanced further for motor vehicles and parts (12.6 percent from 9.1 percent); pharmaceuticals & cosmetics (16.6 percent from 12 percent) and other (3.4 percent from 3.3 percent). On a monthly basis, retail sales slumped 3 percent, after a 4.4 percent rise in April. Retail Sales YoY in Poland averaged 7.24 percent from 2001 until 2019, reaching an all time high of 30.60 percent in April of 2004 and a record low of -14.40 percent in April of 2005.
Retail Sales YoY in Poland is expected to be 4.00 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 2.90 in 12 months time. In the long-term, the Poland Retail Sales YoY is projected to trend around 2.80 percent in 2020, according to our econometric models.