Retail sales in Croatia increased 4.5 percent year-on-year in October of 2018, up from a 3.9 percent rise in the previous month. It was the biggest annual gain in retail trade since May, as sales advanced faster for food, beverages & tobacco (3 percent from 2.4 percent in September) and non-food products (6 percent from 2.3 percent). On a monthly basis, retail trade went up 0.5 percent, following a 0.4 percent gain in September. Retail Sales YoY in Croatia averaged 3.30 percent from 2001 until 2018, reaching an all time high of 20.60 percent in August of 2001 and a record low of -15.20 percent in May of 2009.
Retail Sales YoY in Croatia is expected to be 3.60 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 Croatia to stand at 3.28 in 12 months time. In the long-term, the Croatia Retail Sales YoY is projected to trend around 3.20 percent in 2020, according to our econometric models.