Retail sales in Poland edged up 0.4 percent year-on-year in August of 2020, following a 2.7 percent rise in July and below forecasts of a 2.4 percent increase. Decreases were seen in sales of food, beverages and tobacco (-0.1 percent vs 3 percent); clothing and footwear (-0.5 percent vs 3.4 percent); motor vehicles and parts (-5.2 percent vs -0.2 percent); and fuels (-10.6 percent vs -14.1 percent). On the other hand, sales continued to increase for pharmaceuticals and cosmetics (4 percent vs 2.8 percent); furniture, appliances, electronics (10.9 percent vs 16.8 percent); and newspapers, books (3.4 percent vs 4.1 percent).
Retail Sales YoY in Poland averaged 6.85 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 September of 2020. source: Central Statistical Office of Poland (GUS)
Retail Sales YoY in Poland is expected to be -1.60 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 7.80 in 12 months time. In the long-term, the Poland Retail Sales YoY is projected to trend around 4.20 percent in 2021 and 2.80 percent in 2022, according to our econometric models.