Retail sales in Slovakia fell 2.9 percent from a year earlier in August of 2019, following a 0.9 percent decrease the previous month. It was the biggest drop in retail trade since December 2012, as sales declined in non-specialized stores (-5.3 percent vs -2.3 percent in April); other goods in specialized stores (-1.0 percent vs 1.8 percent); stalls and markets (-3.0 percent vs 7.1 percent) and those not in stores, stalls or markets (-5.4 percent vs -0.1 percent). In addition, sales slowed for food, beverages and tobacco (6.0 percent vs 6.2 percent) and automotive fuel (2.2 percent vs 2.7 percent). Meanwhile, other household equipment sales advanced faster (6.8 percent vs 4.7 percent). On a monthly basis, retail sales decreased 0.3 percent, after a 0.2 percent drop in July. Retail Sales YoY in Slovakia averaged 3.06 percent from 1996 until 2019, reaching an all time high of 28.60 percent in April of 1999 and a record low of -14.30 percent in February of 2009.
Retail Sales YoY in Slovakia is expected to be 3.70 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 Slovakia to stand at 3.70 in 12 months time. In the long-term, the Slovakia Retail Sales YoY is projected to trend around 3.10 percent in 2020, according to our econometric models.