Macedonia retail trade rose 6.4 percent year-on-year in February 2019, slowing from a 7.8 percent gain in the previous month. It was the smallest increase in retail trade since August last year, as sales advanced at a softer pace for food, beverages and tobacco (8.4 percent compared to 12.0 percent in January) and automotive fuel (8.3 percent compared to 16.0 percent). On the other hand, sales of non-food products rebounded (2.5 percent compared to -0.9 percent). Retail Sales Yoy in Macedonia averaged 0.99 percent from 2011 until 2019, reaching an all time high of 15.70 percent in March of 2016 and a record low of -16.80 percent in January of 2014.
Retail Sales Yoy in Macedonia is expected to be 4.30 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 Macedonia to stand at 2.80 in 12 months time. In the long-term, the Macedonia Retail Sales YoY is projected to trend around 1.00 percent in 2020, according to our econometric models.