Retail Sales in Croatia rose 1.2 percent year-on-year in August 2019, slowing from an upwardly revised 3.7 percent increase in the previous month. It was the smallest gain in retail trade since February last year, as sales of both food, beverages & tobacco (3.5 percent compared to 4.4 percent in July) and non-food products (1.1 percent compared to 6.7 percent) eased. On a monthly basis, retail sales declined 0.9 percent, after a 1 percent fall in the prior month. Retail Sales YoY in Croatia averaged 3.34 percent from 2001 until 2019, 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 4.60 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 3.70 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.