May data shows declining retail sales and construction output, pushing second-quarter GDP growth below the first quarter’s 3.5% annual rate.
Poland’s economic activity weakened further in the second quarter as May retail sales and construction output fell short of expectations. GDP growth is now projected to dip below the 3.5% year-over-year pace recorded in Q1, signaling a slowdown in domestic demand.
First-quarter growth was supported by strong consumption, but softer retail performance suggests a pullback. Investment remains resilient, however, keeping the 2026 GDP growth forecast at 3.4% despite near-term headwinds.
The data reflects broader regional trends, with Central European economies facing moderating growth after a post-pandemic rebound.