Retail sales in Slovenia went down 2.0 percent year-on-year in November of 2019, following a downwardly revised 5.2 percent fall in the previous month. It was the second straight month of drop in retail sales, although sales advanced faster for food, beverages & tobacco (1.3 percent vs 0.3 percent in October) and non-food products (7.2 percent vs 0.4 percent). Meantime, sales of motor fuels dropped 13.3 percent, the same as in the prior month. On a monthly basis, retail sales increased 1.1 percent, following a 0.7 percent rise in October. Retail Sales YoY in Slovenia averaged 3.03 percent from 2001 until 2019, reaching an all time high of 20.50 percent in May of 2008 and a record low of -17.10 percent in September of 2009.
Retail Sales YoY in Slovenia is expected to be -0.50 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 Slovenia to stand at 3.90 in 12 months time. In the long-term, the Slovenia Retail Sales YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.