Retail sales in the Netherlands surged 8.2 percent year-on-year in May 2020, recovering from a downwardly revised 1.1 percent fall in the previous month. It was the strongest growth in retail sales since May 2006, amid the loosening restriction measures. Non-food sales recovered (1.2 percent vs -15 percent in April) while food sales rose more (10.1 percent vs 5.9 percent). Within non-food categories, the rebounds sharply were recorded for furniture and household articles (8.7 percent vs -6.4 percent), recreation goods (16.7 percent vs -5.8 percent). Sales went up faster for both electronics (14.2 percent vs 12.7 percent) and do-it-yourself articles (29.4 percent vs 26.1 percent). In addition, sales dropped less for clothing (-23.4 percent vs -57.7 percent), shoes & leather goods (-20.5 percent vs -44.2 percent).
Retail Sales YoY in Netherlands averaged 1.36 percent from 2005 until 2020, reaching an all time high of 9.30 percent in May of 2006 and a record low of -6.40 percent in August of 2009. This page provides the latest reported value for - Netherlands Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Netherlands Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Netherlands
Retail Sales YoY in Netherlands is expected to be -7.60 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 Netherlands to stand at 2.60 in 12 months time. In the long-term, the Netherlands Retail Sales YoY is projected to trend around 6.20 percent in 2021 and 2.70 percent in 2022, according to our econometric models.