Retail sales in the Netherlands increased 3.1 percent year-on-year in May 2019, accelerating from a downwardly revised 2.2 percent growth in the previous month. Non-food trade growth accelerated (3.5 percent vs 1.4 percent in April), particularly due to do-it-yourself items, kitchens, floors (4.7 percent vs 3.3 percent) and furniture, home furnishings (12.4 percent vs 6.9 percent). Meantime, sales rose softer for consumer electronics (4.3 percent vs 4.5 percent) and sales shrank for drugstores (-0.7 percent vs 1.3 percent); clothing (-1.0 percent vs -3.0 percent); recreational goods (-0.4 percent, the same as in April), and shoes & leather goods (-4.2 percent vs -4.7 percent). On the other hand, food trade fell (-0.4 percent vs 0.1 percent in April). Retail Sales YoY in Netherlands averaged 1.22 percent from 2005 until 2019, reaching an all time high of 9.30 percent in May of 2006 and a record low of -6.40 percent in August of 2009.
Retail Sales YoY in Netherlands is expected to be 1.50 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 Netherlands to stand at 2.00 in 12 months time. In the long-term, the Netherlands Retail Sales YoY is projected to trend around 2.50 percent in 2020, according to our econometric models.