Retail sales in Macedonia tumbled 15.8 percent year-on-year in August of 2020, following an 11.9 percent drop in the previous month. It was the sixth consecutive month of falls in retail activity due to the coronavirus pandemic. Drops were seen in sales of food, beverages and tobacco (-9.6 percent); non-food products (-14.8 percent) and auto fuel (-29.7 percent).
Retail Sales Yoy in Macedonia averaged 0.92 percent from 2011 until 2020, reaching an all time high of 15.70 percent in March of 2016 and a record low of -17.60 percent in April of 2020. This page provides the latest reported value for - Macedonia Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macedonia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Retail Sales Yoy in Macedonia is expected to be -7.00 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 Macedonia to stand at 4.50 in 12 months time. In the long-term, the Macedonia Retail Sales YoY is projected to trend around 5.70 percent in 2021 and 2.50 percent in 2022, according to our econometric models.