Retail sales in Poland climbed 6 percent year-on-year in August of 2019, easing from a 7.4 percent jump in the previous month and below market expectations of a 6.5 percent gain. Sales slowed for fuels (1.4 percent vs 3.1 percent in July); food, beverages & tobacco (7.6 percent vs 8 percent); pharmaceuticals & cosmetics (8.8 percent vs 12.7 percent); furniture, appliances & electronics (12 percent vs 16.3 percent); newspapers & books (2.2 percent vs 2.5 percent) and other (1.3 percent vs 4.2 percent). Meantime, sales fell for motor vehicles & parts (-0.6 percent vs 4.4 percent) while other sales in non-specialised stores advanced further (12.5 percent vs 12 percent). On a monthly basis, retail trade decreased 0.4 percent, down from a 1.7 percent rise in July. Retail Sales YoY in Poland averaged 7.22 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 4.40 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 3.00 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.