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.

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Croatia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.50 3.10 20.60 -15.20 2001 - 2019 percent Monthly
WDA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 09:00 AM Retail Sales YoY Aug 1.2% 3.7% 4.1%
2019-10-30 10:00 AM Retail Sales YoY Sep 3.5% 1.2% 2.1%
2019-11-29 10:00 AM Retail Sales YoY Oct 3.1% 3.5% 4.1%
2019-12-30 10:00 AM Retail Sales YoY Nov 2.5% 3.1% 2.5%
2020-01-30 10:00 AM Retail Sales YoY Dec 2.5% 3.5%


News Stream
2019-11-29
Croatia Retail Trade Grows at a Slower Pace
Retail sales in Croatia increased 3.1 percent year-on-year in October of 2019, slightly below a 3.5 percent gain in September. Sales of non-food products slowed (5 percent compared to 7.7 percent in September) while those of food, beverages & tobacco rose faster (4.1 percent compared to 2.3 percent). On a monthly basis, retail trade went up 0.1 percent, after a 2 percent jump in the prior month.

2019-10-30
Croatia Retail Sales Rise 3.5% YoY in September
Retail sales in Croatia increased 3.5 percent year-on-year in September 2019, following a 1.2 percent gain in the previous month. Sales of non-food products rose further (7.7 percent compared to 1.1 percent in August) while those of food, beverages & tobacco slowed (2.3 percent compared to 3.5 percent). On a monthly basis, retail trade went up 2 percent, rebounding from a 0.9 percent fall in the prior month.

2019-09-30
Croatia Retail Sales Rise the Least in 1-1/2-Years
Retail Sales in Croatia rose 1.2 percent year-on-year in August 2019, slowing from an upwardly revised 3.7 percent increase in the previous month. It was the smallest gain in retail trade since February last year, as sales of both food, beverages & tobacco (3.5 percent compared to 4.4 percent in July) and non-food products (1.1 percent compared to 6.7 percent) eased. On a monthly basis, retail sales declined 0.9 percent, after a 1 percent fall in the prior month.

2019-08-30
Croatia Retail Sales Rise the Least in 11 Months
Retail Sales in Croatia went up 3.6 percent year-on-year in July 2019, easing from a 6.1 percent gain in the previous month. It was the smallest increase in retail trade since August last year, as sales of both food, beverages & tobacco (4.4 percent from 5.4 percent in June) and non-food products (6.7 percent from 8.6 percent) slowed. On a monthly basis, retail sales declined 2.1 percent, after rising 6.3 percent in June.

2019-07-30
Croatia Retail Sales Rebound in June
Retail Sales in Croatia increased 6.1 percent year-on-year in June 2019, recovering from a 2.0 percent drop in the previous month. It was the highest annual gain in retail sales since February, as sales rebounded for food, beverages & tobacco (5.4 percent vs -0.5 percent in May); non-food products (8.6 percent vs -1.3 percent) and for other activities (1.5 percent vs -2.9 percent). On a monthly basis, retail sales rose 6.3 percent, rebounding from a 4.6 percent fall in May.

2019-06-28
Croatia Retail Sales Fall for First Time since 2014
Retail sales in Croatia declined by 2.0 percent year-on-year in May of 2019, after a 4.8 percent gain in the previous month and marking the first fall since August 2014. Sales dropped for both food (-0.5 percent vs 8.4 percent in April) and non-food products (-1.3 percent vs 1.4 percent) and other activities (-2.9 percent vs 3.3 percent). On a monthly basis, retail sales fell 4.6 percent, after a flat reading in the previous month.


Croatia Retail Sales YoY
In Croatia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Croatia Consumer Last Previous Highest Lowest Unit
Retail Sales MoM 0.30 0.10 4.40 -5.00 percent [+]
Retail Sales YoY 2.50 3.10 20.60 -15.20 percent [+]
Consumer Spending 53682.00 52142.00 55569.00 34870.00 HRK Million [+]
Consumer Credit 71748.60 70894.00 132914.90 2602.00 HRK Million [+]
Bank Lending Rate 3.13 2.96 26.61 2.72 percent [+]
Gasoline Prices 1.50 1.49 1.99 0.67 USD/Liter [+]
Consumer Confidence -3.10 -3.30 -1.80 -42.90 points [+]