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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PolandPoland Retail Sales YoY fell to 3.3% in September 2026
FMPMonthlyReleased October 2026
Poland Retail Sales YoY fell to 3.3% in September 2026, released October 2026, down 0.5% from August's 3.8% reading. The reading missed the 3.7% consensus by 0.4%. Retail Sales YoY has now declined for 4 consecutive months. Over the past 3 months, Retail Sales YoY averaged 3.85%, vs 3.5% in the prior 3-month window. The reading is in the 42nd percentile of the trailing 24-month range.
Latest Release
3.3
Actual
3.7
Consensus
3.8
Previous
Median Absolute Error
±0.99 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 3.45
Actual: 3.3
Error: +0.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/PLN | ▲ Direct | +0.47 | FOREX | Moves with | → View |
| DAX | ▼ Inverse | −0.42 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.37 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.33 | INDEX | Moves against | → View |
| EUR/PLN | ▲ Direct | +0.31 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Retail Sales YoY (Poland) was reported at 3.3% in October 2026. This missed the market consensus of 3.7% by 0.4%. The reading fell from the previous value of 3.8%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 4.06%, ranging from 1.3% to 6.2% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.67%, up from the prior three at 3.5%. Volatility over the past year (σ 1.32%) is lower than the prior year (σ 2.39%). In October readings over the past 3 years, Retail Sales YoY has averaged 2.23%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/PLN (Bullish USD). A secondary relationship exists with DAX, negatively correlated (Bearish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 0.99%.
WHAT TO WATCH NEXT
The next release is scheduled for November 24, 2026. Same-country events in the next 14 days include Interest Rate Decision (Nov 4) and GDP Growth Rate QoQ (Nov 13).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Retail Sales YoY - PL
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About Retail Sales YoY — Poland
DEFINITION
Retail Sales YoY (Year-over-Year) is a financial indicator that measures the change in the total value of goods and services sold by retailers compared to the same period in the previous year. It provides insight into the strength of consumer spending and overall economic growth, making it a key metric for investors, businesses, and policymakers. A positive YoY growth indicates an increase in consumer demand, while a negative growth may signal a decline in consumer confidence and potential economic slowdown.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 3.3 %, consensus 3.7 %. Prior reading (Aug 2026): 3.8 %. Before that (Jul 2026): 3.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/PLN (Bullish USD, r=0.47) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - PL Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | PL | Inflation Rate YoY | 3.5 | 4.1 | 4.2 | 3.85 | Medium |
| 08:30 | PL | Inflation Rate MoM | -0.4 | 0.7 | 0.3 | -0.05 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | PL | S&P Global Manufacturing PMI | 49 | 48.5 | 49.25 | Low | |