Retail sales in Croatia decreased 7.8 percent year-on-year in May 2020, after falling a record 25.5 percent in the previous month, amid the coronavirus pandemic. Sales of non-food products dropped 3.4 percent, less than a 40.5 percent slump in April; and those of food, beverages & tobacco declined 4.9 percent, after falling 6.2 percent. On a monthly basis, retail sales jumped 23.5 percent, rebounding from a 19.8 percent drop in the prior month.
Retail Sales YoY in Croatia averaged 3.15 percent from 2001 until 2020, reaching an all time high of 20.60 percent in August of 2001 and a record low of -25.50 percent in April of 2020. This page provides the latest reported value for - Croatia Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Croatia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Retail Sales YoY in Croatia is expected to be -6.50 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 Croatia to stand at 5.20 in 12 months time. In the long-term, the Croatia Retail Sales YoY is projected to trend around 5.80 percent in 2021 and 3.40 percent in 2022, according to our econometric models.