Poland Retail Sales Growth Below Forecasts

Retail sales in Poland grew by 6.1% year-on-year in March 2024, unchanged from the 21-month high seen in the previous month, but below market forecasts of 6.7%.

Sales rose at a faster pace for food, beverages & tobacco (6.6% vs 1.3% in February 2024), while declining slower for textiles, clothing & footwear (-15.2% vs -21.5%).

On the other hand, sales have slowed down for motorcycles & parts (13.5% vs 26.6%), solid, liquid & gaseous fuels (11.2% vs 13.4%), pharmaceuticals, cosmetics & orthopedic equipment (6.4% vs 6.9%), and others (19.4% vs 23%).

Moreover, sales declined for furniture & household appliances (-8.5% vs -5.2%) and newspapers & books (-0.4% vs 2.9%).

On a monthly basis, retail sales surged 14.2% in March, rebounding significantly from a 0.9% drop in the prior month.