Macedonia retail trade increased 5.4 percent year-on-year in May 2019, following a 4.1 percent gain in April. Sales of non-food products went up further (11.4 percent compared to 5.5 percent in April). On the other hand, sales of food, beverages & tobacco slowed (5.6 percent compared to 7.7 percent) and those of automotive fuel dropped at a faster pace (-6.1 percent compared to -6 percent). Retail Sales Yoy in Macedonia averaged 1.07 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 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 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.