Serbia's retail trade rose 13.1 percent from a year earlier in December 2019, following a 11.2 percent growth in the previous month, boosted by sales of food, beverages and tobacco (13.5 percent), non-food products (14.5 percent) and automotive fuel (9.3 percent). Considering 2019 full year, retail trade grew 9.7 percent. Serbia Retail Sales YoY - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Retail Sales YoY in Serbia averaged 5.38 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. This page provides - Serbia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bank of Serbia

Retail Sales YoY in Serbia is expected to be 3.20 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 4.50 in 12 months time. In the long-term, the Serbia Retail Sales YoY is projected to trend around 4.90 percent in 2021, according to our econometric models.


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Serbia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
13.10 11.20 35.67 -21.30 2003 - 2019 percent Monthly
Constant Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-31 11:00 AM Sep 7.3% 7.6% 8.4%
2019-11-29 11:00 AM Oct 9.4% 7.3% 7.8%
2019-12-30 11:00 AM Nov 11.2% 9.4%
2020-01-31 11:00 AM Dec 13.1% 11.2% 8.2%
2020-02-28 11:00 AM Jan 13.1%
2020-03-31 11:00 AM Feb
2020-04-30 10:00 AM Mar 3.2%
2020-05-29 10:00 AM Apr


News Stream
Serbia Retail Sales Rise at Faster Pace in December
Serbia's retail trade rose 13.1 percent from a year earlier in December 2019, following a 11.2 percent growth in the previous month, boosted by sales of food, beverages and tobacco (13.5 percent), non-food products (14.5 percent) and automotive fuel (9.3 percent). Considering 2019 full year, retail trade grew 9.7 percent.
2020-01-31
Serbia Retail Trade Growth at 4-Month Low
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.
2019-06-28
Serbia Retail Sales Rise the Least in 3 Months
Serbia’s retail sales rose 6.7 percent year-on-year in April 2019, slowing from a 9.5 percent gain in the previous month. Sales advanced less for non-food products (8.3 percent compared to 13.1 percent in March) and automotive fuel (1 percent compared to 15.2 percent). On the other hand, sales of food, beverages and tobacco went up at a softer pace (8.1 percent compared to 4.3 percent). On a monthly basis, retail sales increased 2.5 percent, easing from a 16 percent rise in the prior month. Considering the first four months of the year, retail trade advanced 8.9 percent over the same period of 2018.
2019-05-31
Serbia Retail Trade Growth Slows in March
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.
2019-04-30

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.