Croatia's retail trade growth slowed to 2.5 percent year-on-year in November 2019 from 3.1 percent in the previous month, as sales rose at a softer pace for food, beverages and tobacco (3.4 percent vs 4.1 percent) and automotive fuel (4.4 percent vs 4.5 percent). On the other hand, non-food retail trade advanced 5.5 percent, faster than 5.0 percent in October. On a monthly basis, sales rose 0.3 percent, following a 0.1 percent gain in the previous month. Retail Sales YoY in Croatia averaged 3.34 percent from 2001 until 2019, reaching an all time high of 20.60 percent in August of 2001 and a record low of -15.20 percent in May of 2009.
Retail Sales YoY in Croatia 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 Croatia to stand at 3.60 in 12 months time. In the long-term, the Croatia Retail Sales YoY is projected to trend around 3.20 percent in 2020, according to our econometric models.