Serbia’s retail sales increased 9.5 percent year-on-year in March 2019, easing from a 10.8 percent gain in the previous month. Sales rose less for food, beverages and tobacco (4.3 percent compared to 7.2 percent in February); and non-food products (13.1 percent compared to 13.8 percent). Meanwhile, sales of automotive fuel went up further (15.2 percent compared to 14.2 percent). On a monthly basis, retail sales increased 16 percent. Considering the first quarter of 2019, retail trade advanced 8.6 percent over the same period of 2018. Retail Sales YoY in Serbia averaged 5.09 percent from 2003 until 2019, reaching an all time high of 35.67 percent in June of 2005 and a record low of -21.30 percent in July of 2011.

Retail Sales YoY in Serbia is expected to be 4.10 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 Serbia to stand at 3.60 in 12 months time. In the long-term, the Serbia Retail Sales YoY is projected to trend around 4.10 percent in 2020, according to our econometric models.

Serbia Retail Sales YoY
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 11:00 AM Retail Sales YoY 3.3% 6.1% 3.2%
2019-02-28 11:00 AM Retail Sales YoY 5.3% 3.3% 2.5%
2019-03-29 11:00 AM Retail Sales YoY 10.8% 5.3% 3%
2019-04-30 10:00 AM Retail Sales YoY 9.5% 10.8% 4.5%
2019-05-31 10:00 AM Retail Sales YoY 9.5% 7.3%
2019-06-28 10:00 AM Retail Sales YoY
2019-07-31 10:00 AM Retail Sales YoY 4%

Serbia Consumer Last Previous Highest Lowest Unit
Retail Sales YoY 9.50 10.80 35.67 -21.30 percent [+]
Consumer Credit 1037177.00 1025917.00 1037177.00 30680.00 SRB Million [+]
Retail Sales Mom 16.00 -19.60 27.20 -36.20 percent [+]
Gasoline Prices 1.41 1.41 1.84 0.56 USD/Liter [+]
Consumer Spending 925447.30 905744.00 925447.30 18555.20 RSD Million [+]

Serbia Retail Sales YoY

In Serbia, 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. This page provides - Serbia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.50 10.80 35.67 -21.30 2003 - 2019 percent Monthly
Constant Prices, NSA