Retail sales in Bosnia and Herzegovina increased 7.5 percent year-on-year in December of 2018, below an 11.2 percent rise in the previous month. Meanwhile, sales advanced slower for food, beverages & tobacco (9.3 percent from an upwardly revised 12.1 percent in November); non-food products (6.8 percent from an upwardly revised 11 percent) and fuel (6.3 percent from 10.7 percent). On a monthly basis, retail trade fell 1.9 percent from a 2.8 percent gain in November. Considering full 2018, retail sales went up 8.2 percent compared to the previous year. Retail Sales YoY in Bosnia and Herzegovina averaged 6.27 percent from 2010 until 2018, reaching an all time high of 22.20 percent in April of 2011 and a record low of -10.50 percent in March of 2010.
Retail Sales YoY in Bosnia and Herzegovina is expected to be 9.50 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 Bosnia and Herzegovina to stand at 2.50 in 12 months time. In the long-term, the Bosnia and Herzegovina Retail Sales YoY is projected to trend around 3.80 percent in 2020, according to our econometric models.