Serbia's retail trade growth accelerated to 10.8 percent year-on-year in February 2019, the highest since March 2016, from 5.3 percent in the previous month, driven by sales of: automotive fuel (14.2 percent); non-food products (13.8 percent); and food, beverages and tobacco (7.2 percent). Retail Sales YoY in Serbia averaged 5.07 percent from 2003 until 2019, reaching an all time high of 35.67 percent in June of 2005 and a record low of -21.30 percent in July of 2011.
Retail Sales YoY in Serbia is expected to be 4.50 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 Serbia to stand at 3.60 in 12 months time. In the long-term, the Serbia Retail Sales YoY is projected to trend around 4.10 percent in 2020, according to our econometric models.