15:47 22 October 2025
Polish Economy Gains Speed as Consumers Drive Growth
Poland’s economy is shifting into higher gear, with consumers once again taking the lead. Recent data shows retail sales jumped 6.4% year-on-year in September, signaling renewed confidence in household finances, according to Grzegorz Sielewicz, Head of Economic and Market Analysis for Central and Eastern Europe at Colliers.
Sales increased across all categories, with particularly strong, double-digit gains in durable goods such as cars, furniture, and home appliances — clear signs that consumers are optimistic about their financial outlook.
“Inflation at 2.9% and wage growth of 7.5% are sustaining spending momentum,” says Sielewicz. “We expect these trends to continue, though the Monetary Policy Council may delay another rate cut in November to assess wage pressures.”
The positive trend isn’t limited to the consumer sector. Industrial production grew 7.4% year-on-year in September, led by capital goods producers. Machinery and equipment output rose 16.2%, while the automotive sector expanded 12.8%. Food production climbed 9.1%, benefiting from stronger domestic demand.
In total, 24 of 34 industrial sectors reported higher output — representing nearly 80% of total industrial production. Despite global headwinds and weakness in German industry, Poland’s exporters continue to perform robustly.
While the producer price index remained negative at -1.2%, lower input costs are easing margin pressures and supporting consumer purchasing power — a trend that could bolster arguments for future interest rate cuts.
Encouragingly, construction and assembly production edged up 0.2% year-on-year — the first positive reading in 2025. Growth in specialized preparatory works suggests renewed momentum in investment projects.
“We are seeing early signs of the long-awaited rebound in investment,” Sielewicz adds. “After this year’s gradual recovery, stronger investment activity should reinforce growth dynamics in 2026.”
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