Retail Sales in Serbia increased 11.20 percent in November of 2019 over the same month in the previous year.

Retail Sales YoY in Serbia averaged 5.34 percent from 2003 until 2019, reaching an all time high of 35.67 percent in June of 2005 and a record low of -21.30 percent in July of 2011. This page provides - Serbia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bank of Serbia

Retail Sales YoY in Serbia is expected to be 5.20 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 Serbia to stand at 3.80 in 12 months time. In the long-term, the Serbia Retail Sales YoY is projected to trend around 4.90 percent in 2020, according to our econometric models.

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Serbia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
11.20 9.40 35.67 -21.30 2003 - 2019 percent Monthly
Constant Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 10:20 AM Aug 7.6% 9.3% 6.8%
2019-10-31 11:00 AM Sep 7.3% 7.6% 8.4%
2019-11-29 11:00 AM Oct 9.4% 7.3% 7.8%
2019-12-30 11:00 AM Nov 11.2% 9.4%
2020-01-31 11:00 AM Dec 11.2% 8.2%

News Stream
Serbia Retail Sales Rise the Least in 3 Months
Serbia’s retail sales rose 6.7 percent year-on-year in April 2019, slowing from a 9.5 percent gain in the previous month. Sales advanced less for non-food products (8.3 percent compared to 13.1 percent in March) and automotive fuel (1 percent compared to 15.2 percent). On the other hand, sales of food, beverages and tobacco went up at a softer pace (8.1 percent compared to 4.3 percent). On a monthly basis, retail sales increased 2.5 percent, easing from a 16 percent rise in the prior month. Considering the first four months of the year, retail trade advanced 8.9 percent over the same period of 2018.

Serbia Retail Trade Growth Slows in March
Serbia’s retail sales increased 9.5 percent year-on-year in March 2019, easing from a 10.8 percent gain in the previous month. Sales rose less for food, beverages and tobacco (4.3 percent compared to 7.2 percent in February); and non-food products (13.1 percent compared to 13.8 percent). Meanwhile, sales of automotive fuel went up further (15.2 percent compared to 14.2 percent). On a monthly basis, retail sales increased 16 percent. Considering the first quarter of 2019, retail trade advanced 8.6 percent over the same period of 2018.

Serbia Retail Sales Rise the Most in Nearly 3 Years
Serbia's retail trade growth accelerated to 10.8 percent year-on-year in February 2019, the highest since March 2016, from 5.3 percent in the previous month, driven by sales of: automotive fuel (14.2 percent); non-food products (13.8 percent); and food, beverages and tobacco (7.2 percent).

Serbia Retail Sales YoY
In Serbia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Serbia Consumer Last Previous Highest Lowest Unit
Retail Sales YoY 11.20 9.40 35.67 -21.30 percent [+]
Consumer Credit 1112071.00 1102702.00 1112071.00 30680.00 SRB Million [+]
Retail Sales Mom -2.20 5.80 27.20 -36.20 percent [+]
Gasoline Prices 1.43 1.40 1.84 0.56 USD/Liter [+]
Consumer Spending 936773.90 927837.40 936773.90 18555.20 RSD Million [+]