Slovenia's retail trade increased by 13.3 percent from a year earlier in October 2018, following a 5.2 percent growth in the previous month. This was the largest increase in retail trade since February 2017 as sales rose sharply for automotive fuel (39.9 percent) and non-food products (5.5 percent). On the other hand, sales of food, beverages, tobacco slumped 3.5 percent in October. On a monthly basis, retail trade jumped 7.9 percent. Retail Sales YoY in Slovenia averaged 2.85 percent from 2001 until 2018, reaching an all time high of 20.20 percent in May of 2008 and a record low of -17 percent in September of 2009.
Retail Sales YoY in Slovenia 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 Slovenia to stand at 12.83 in 12 months time. In the long-term, the Slovenia Retail Sales YoY is projected to trend around 13.02 percent in 2020, according to our econometric models.