Retail Sales in Armenia increased 9 percent in August of 2019 over the same month in the previous year. Retail Sales YoY in Armenia averaged 4.02 percent from 2007 until 2019, reaching an all time high of 22.40 percent in November of 2017 and a record low of -14.20 percent in November of 2015.
Retail Sales YoY in Armenia is expected to be 8.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Armenia to stand at 5.90 in 12 months time. In the long-term, the Armenia Retail Sales YoY is projected to trend around 7.50 percent in 2020, according to our econometric models.