Report
Alessio Chiesa ...
  • Raffaella Tenconi

WOOD Flash – Poland macro: a closer look at retail spending, appetite and pricing

Poland has seen the earliest recovery in consumer spending in the European Union, as real retail sales growth flipped to positive territory in October 2023, after contracting since February 2023. The expectation for this year is that retail spending volume growth will accelerate gradually and, according to our model projection, the peak will be reached this summer, with an expansion of 10% yoy, up from 6% yoy currently. The two key ingredients of the recovery are an improvement in consumer confidence and better purchasing power reflected in positive real wage growth.
Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Alessio Chiesa

Raffaella Tenconi

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