Slovakia's retail trade dropped 4.0 percent from a year earlier in November 2019, following a 3.3 percent decline in the previous month. It was the sharpest fall in sales since December 2012, mainly due to trade in non-specialized stores (-3.8 percent vs -2.7 percent in October), automotive fuel sales (-4.9 percent vs 5.1 percent), and trade not in stores, stalls or markets (-3.9 percent vs -3.8 percent). There were also decreases in sales of ICT in specialized stores (-1.5 percent vs -5.5 percent), cultural and recreation goods (-4.2 percent vs -4.3 percent) and other household equipment (-2.9 percent vs -0.2 percent). Meanwhile, food,beverages and tobacco sales jumped 15.9 percent (vs 17.6 percent in October) and trade via stalls and markets climbed 10.2 percent (vs 10.7 percent in October). Retail Sales YoY in Slovakia averaged 3 percent from 1996 until 2019, reaching an all time high of 28.60 percent in April of 1999 and a record low of -14.30 percent in February of 2009.
Retail Sales YoY in Slovakia is expected to be 2.50 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 Slovakia to stand at 3.10 in 12 months time. In the long-term, the Slovakia Retail Sales YoY is projected to trend around 3.30 percent in 2020, according to our econometric models.