Retail sales in the Netherlands increased 2.8 percent year-on-year in June 2019, slowing from a downwardly revised 3.0 percent growth in the previous month. Non-food trade growth eased (2.3 percent vs 3.5 percent in May), particularly due to furniture, home furnishings (8.0 percent vs 12.2 percent in May); consumer electronics (0.2 percent vs 6.4 percent). In addition, sales of recreational goods fell more than a month earlier (-3.0 percent vs -0.9 percent).
Meantime, sales rose faster for do-it-yourself items, kitchens, floors (5.8 percent vs 4.7 percent). On the other hand, sales rebounded for drugstores (0.3 percent vs -0.7 percent); clothing (2.3 percent vs -1.1 percent); shoes & leather goods (0.5 percent vs -4.2 percent). Meanwhile, food trade recovered (0.9 percent vs -0.4 percent in May). Retail Sales YoY in Netherlands averaged 1.23 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 1.50 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 2.00 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.