Retail sales in Slovakia dropped 0.4 percent from a year earlier in June 2019, following a 2.7 percent decline in the previous month. Sales fell at a softer pace in non-specialized stores (-3.3 percent vs -5.1 percent in May) while rebounded for other household equipment (6 percent vs -2.6 percent) and other goods (0.1 percent vs -4.1 percent). In addition, sales grew faster for automotive fuel (3.8 percent vs 1.3 percent) and cultural & recreation goods (34.7 percent vs 22.2 percent). Meanwhile, softer rises were seen for food, beverages & tobacco (13.9 percent vs 14.6 percent) and via stalls & markets (10.4 percent vs 16.3 percent). On a monthly basis, retail trade rose 1.6 percent, after a 1.9 percent decrease in the previous month. Retail Sales YoY in Slovakia averaged 3.10 percent from 1996 until 2019, reaching an all time high of 28.60 percent in April of 1999 and a record low of -14.30 percent in February of 2009.
Retail Sales YoY in Slovakia is expected to be 3.50 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 Slovakia to stand at 3.70 in 12 months time. In the long-term, the Slovakia Retail Sales YoY is projected to trend around 3.10 percent in 2020, according to our econometric models.