Retail sales in Slovakia increased 1.8 percent from a year earlier in April 2019, after declining 1.9 percent in the previous month. Sales rebounded in non-specialized stores (0.4 percent from -7.5 percent in March) and ICT in specialized stores (5.7 percent from -10 percent). Additionally, sales advanced further in food, beverages & tobacco (17.8 percent from 13.8 percent); automotive fuel (12.9 percent from 6.5 percent); via stalls and markets (13.1 percent from 12.9 percent) and for those not in stores, stalls or markets (6 percent from 2.8 percent). Meanwhile, sales fell at a faster pace in other goods in specialized stores (-4.7 percent from -3.1 percent) and dropped in other household equipment (-4 percent from 5.8 percent). On a monthly basis, retail sales went up 0.4 percent, after a 0.3 percent fall in March. Retail Sales YoY in Slovakia averaged 3.13 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 4.20 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 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.