Retail sales in Bosnia and Herzegovina advanced 5.8 percent year-on-year in June of 2019, recovering from a 0.7 percent drop in the previous month. It was the highest annual gain in retail sales since March, as non-food products sales rebounded (6.4 percent vs -2.3 percent in May) while food, beverages & tobacco sales advanced faster (10.7 percent vs 7.1 percent). In addition, fuel sales went down at a softer pace (-1.7 percent vs -7.4 percent). On a monthly basis, retail trade increased 5.2 percent, following a 3.3 drop in the previous month. Retail Sales YoY in Bosnia and Herzegovina averaged 6.24 percent from 2010 until 2019, reaching an all time high of 22.20 percent in April of 2011 and a record low of -10.50 percent in March of 2010.
Retail Sales YoY in Bosnia and Herzegovina 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 Bosnia and Herzegovina to stand at 2.90 in 12 months time. In the long-term, the Bosnia and Herzegovina Retail Sales YoY is projected to trend around 3.20 percent in 2020, according to our econometric models.