Retail sales in Serbia increased 5.9 percent year-on-year in May of 2019, easing from a 6.7 percent rise in the previous month. It was the lowest annual gain in retail trade since January, as sales increased at a softer pace for food, beverages and tobacco (5.1 percent from 8.1 percent in April) and non-food products (8 percent from 8.1 percent) while those of automotive fuel advanced faster (4 percent from 1 percent). On a monthly basis, retail trade edged up 0.1 percent, after a 2.5 percent jump in the prior April. Considering the January to April period, retail trade advanced 8.2 percent. Retail Sales YoY in Serbia averaged 5.10 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
2019-03-29 11:00 AM Retail Sales YoY Feb 10.8% 5.3% 3%
2019-04-30 10:00 AM Retail Sales YoY Mar 9.5% 10.8% 4.5%
2019-05-31 10:40 AM Retail Sales YoY Apr 6.7% 9.5% 7.3%
2019-06-28 10:00 AM Retail Sales YoY May 5.9% 6.7% 7.6%
2019-07-31 10:00 AM Retail Sales YoY Jun 5.9% 4%
2019-08-30 10:00 AM Retail Sales YoY Jul
2019-09-30 11:20 AM Retail Sales YoY Aug

Serbia Consumer Last Previous Highest Lowest Unit
Retail Sales YoY 5.90 6.70 35.67 -21.30 percent [+]
Consumer Credit 1055787.00 1046184.00 1055787.00 30680.00 SRB Million [+]
Retail Sales Mom 2.50 16.00 27.20 -36.20 percent [+]
Gasoline Prices 1.45 1.45 1.84 0.56 USD/Liter [+]
Consumer Spending 821099.70 925805.30 925805.30 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.90 6.70 35.67 -21.30 2003 - 2019 percent Monthly
Constant Prices, NSA