Retail sales in Bosnia and Herzegovina increased 5.7 percent year-on-year in July of 2019, slowing from a upwardly revised 6.1 percent rise in the prior month. Non-food products sales advanced at a softer pace (6.1 percent vs 6.4 percent in June) while fuel sales continued to decline (-2.7 percent vs -0.3 percent). On the other hand, food, beverages & tobacco sales advanced faster (11.9 percent vs 10.7 percent). On a monthly basis, retail trade showed no growth, after a 5.4 percent gain in the prior month. Retail Sales YoY in Bosnia and Herzegovina averaged 6.24 percent from 2010 until 2019, reaching an all time high of 22.20 percent in April of 2011 and a record low of -10.50 percent in March of 2010.
Retail Sales YoY in Bosnia and Herzegovina is expected to be 3.50 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 Bosnia and Herzegovina to stand at 2.90 in 12 months time. In the long-term, the Bosnia and Herzegovina Retail Sales YoY is projected to trend around 3.20 percent in 2020, according to our econometric models.