Retail sales in Poland surged 7.5 percent year-on-year in December 2019, following a 5.9 percent rise in the previous month and above market expectations of 7.3 percent. It was the highest growth in retail trade since April, as sales advanced faster for motor vehicles, motorcycles, parts (2.2 percent vs 1.8 percent in November); food, beverages and tobacco products (5.7 percent vs 5.3 percent); textiles, clothing, footwear (6.8 percent vs 3 percent) and furniture, radio, TV and household appliances (13.7 percent vs 11.9 percent). In addition, sales rebounded for solid, liquid and gaseous fuels (4.4 percent vs -1 percent) while those of pharmaceuticals, cosmetics, orthopaedic equipment (8.9 percent vs 10.1 percent) and newspapers, books, other sale in specialized stores (7.9 percent vs 8.9 percent) slowed. In 2019, retail trade grew 6.7 percent when compared with the previous year. Retail Sales YoY in Poland averaged 7.20 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. source: Central Statistical Office of Poland (GUS)
Retail Sales YoY in Poland is expected to be 3.60 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 2020, according to our econometric models.