Slovenia's retail sales increased 6.3 percent year-on-year in July of 2019, following a downwardly revised 3.4 percent rise in the previous month. It was the highest gain in retail trade since April, as sales rose for food, beverages & tobacco (2.3 percent), non-food products (5.8 percent) and automotive fuel (9.2 percent). On a seasonally adjusted monthly basis, retail trade went up 1.2 percent, after an upwardly revised 0.7 percent fall in June. Retail Sales YoY in Slovenia averaged 3.09 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 3.80 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 2.50 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.