Whether someone likes it or not – we are the best – this is how Prime Minister Donald Tusk commented on the latest Central Statistical Office data on retail sales and industrial production in Poland. In both cases,they turned out to be better than forecasts.

– Both retail sales and industrial production exceeded (by a large margin!) analysts’ predictions. When it comes to the pace of development,Poland is ahead of all other large European economies! Whether someone likes it or not,we are the best. We do,we don’t talk – wrote Prime Minister Donald Tusk on the X platform.

Central Statistical Office data better than expected

The head of government referred to the latest data presented by the Central Statistical Office (GUS). On Tuesday,it was reported that retail sales at constant prices were 5.4% higher in October. year to year. Experts predicted a reading of 3.7%. Compared to September this year the increase was 6.7 percent. After eliminating the impact of seasonal factors,retail sales at constant prices were 5.6% higher in the previous month. higher than last year,as well as by 1.9 percent. higher compared to September.

Data presented by the Central Statistical Office show that the highest increase in retail sales was recorded in the group “motor vehicles,motorcycles,parts”. This increase amounted to 15.6 percent,which means that in October Poles bought one-sixth more things from this area than a year ago. The September leader,i.e. “textiles,clothing,footwear”,this time took third place (an increase of 9%). The “furniture,electronics,household appliances” category retained the second position (an increase of 13.9%). Sales also increased in groups such as: “pharmaceuticals,cosmetics,orthopedic equipment” (increase by 5.6%),“solid,liquid and gaseous fuels” (increase by 4.7%). Sales decreased in the “press,books,other sales in specialized stores” group (by 3.3%).

A day earlier,the Central Statistical Office presented data on industrial production in October. The presented reading was also significantly lower than forecast. In the previous month,the increase was 3.2%. year to year and 5.4 percent on a monthly basis. In both cases,the data turned out to be better than forecast (market consensus was 1.8 and 3.6 percent,respectively). Compared to October 2024,the greatest increase was recorded in the production of investment goods (by 9.2%),non-durable consumer goods (by 4.2%),and supply goods (by 1.4%). However,the production of energy-related goods (by 5.9%) and durable consumer goods (by 0.6%) decreased.