Retail sales in Macedonia rose 10.6 percent year-on-year in November 2019, easing from a 10.8 percent advance in the previous month. Automotive sales fell faster (-9.9 percent vs -3.6 percent in October) while those of both food (6.2 percent vs 5.9 percent) and non-food products (23 percent vs 20.5 percent) advanced faster. Retail Sales Yoy in Macedonia averaged 1.54 percent from 2011 until 2019, reaching an all time high of 15.70 percent in March of 2016 and a record low of -16.80 percent in January of 2014.
Retail Sales Yoy in Macedonia is expected to be 2.80 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 2.80 in 12 months time. In the long-term, the Macedonia Retail Sales YoY is projected to trend around 1.00 percent in 2020, according to our econometric models.