Retail sales in the Netherlands increased 3.4 percent year-on-year in July 2019 from a 2.8 percent growth in the previous month. This was the strongest growth in retail trade since March, as sales rose faster for food (1.4 percent vs 1.0 percent in June) and non-food (2.9 percent vs 2.4 percent in June), particularly furniture and household articles (11.4 percent vs 8.2 percent) and DIY products, kitchens, flooring (7.1 percent vs 6.3 percent), while sales of recreational goods rebounded (1.6 percent vs -2.1 percent). Meantime, sales went up softer for shoes & leather goods (0.1 percent vs 0.5 percent) while sales fell for consumer electronics (-3.4 percent vs 0.2 percent); personal care products (-0.2 percent vs 0.2 percent); and clothing (-1.4 percent vs 2.0 percent). Retail Sales YoY in Netherlands averaged 1.24 percent from 2005 until 2019, 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.
Retail Sales YoY in Netherlands is expected to be 2.50 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 Netherlands to stand at 2.40 in 12 months time. In the long-term, the Netherlands Retail Sales YoY is projected to trend around 2.50 percent in 2020, according to our econometric models.