Poland’s December retail sales surge confirms strong consumer demand
Polish retail sales increased by 5.3% year-on-year in December, above consensus
Polish retail sales, a key driver of 2024 GDP, keep growing in May
Retail sales increased in May by 5.0% year-on-year
Poland’s retail sales disappoint at year-end
Despite the weaker data for late 2023, we believe consumption will rebound this year as real disposable income rises faster than before the pandemic
Price pressures are abating in the short run, but mid-term upside risks remain substantial
Industry, trade, and construction figures all point to meagre GDP growth this year in Poland, of around 1%
Key events in EMEA next week
Weak Polish retail sales add to gloomy outlook
