Retail sales in Slovakia rose by 6.0 percent year-on-year in October 2018, following a 3.6 percent gain in the previous month. It was the biggest increase in retail trade since November last year, as sales rebounded for other household equipment in specialized stores (3.4 percent from -1.4 percent in September). Additionally, sales went up at a faster pace for other goods in specialized stores (16.2 percent from 13.8 percent); trade not in stores, stalls and markets (17.7 percent from 16.3 percent); and food, beverages and tobacco (11.3 percent from 7.1 percent). Also, sales fell less for ICT in specialized stores (-1.8 percent from -18 percent) and trade in non-specialized stores (-2.3 percent from -4.2 percent). On the other hand, sales slowed for automotive fuels in specialized stores (6.7 percent from 9.7 percent) and cultural and recreation goods (6.0 percent from 9.5 percent). On a seasonally adjusted monthly basis, retail trade increased by 1.1 percent in October. Retail Sales YoY in Slovakia averaged 3.16 percent from 1996 until 2018, 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 3.20 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 3.50 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.