The April increase in retail sales at constant prices to 1.3% year on year points to a clear weakening of consumption growth after a very strong March, when sales rose by nearly 9% year on year. The data suggest that the earlier acceleration was partly one-off in nature, linked to a seasonal rebound and higher spending on fuel.
The current reading was most likely significantly affected by the calendar effect: Easter fell earlier this year, resulting in a lower number of trading days, including only one trading Sunday, compared with April 2025.
The latest data confirm a more moderate trend in household spending, influenced by rising living costs and more cautious consumer behaviour. As a result, retail sales remain in positive territory, but their pace is clearly weaker than at the beginning of spring. In the coming months, a similar trend should be expected, pointing to gradual stabilisation rather than strong acceleration.
Source: CEO.com.pl
