Retail sales in Slovakia fell 2.7 percent from a year earlier in May of 2019, following a 1.8 percent gain the previous month. It was the biggest drop in retail trade since December 2012, as sales declined in non-specialized stores (-5.1 percent vs 1.8 percent in April); for ICT in specialized stores (-8.6 percent vs 5.7 percent); for other household equipment (-2.6 percent vs -4.0 percent) and other goods in specialized stores (-4.1 percent vs -4.7 percent). In addition, sales slowed for food, beverages and tobacco (14.6 percent vs 17.8 percent); automotive fuel (1.3 percent vs 12.9 percent) and for those not in stores, stalls or markets (0.3 percent vs 6.0 percent). Meanwhile, sales advanced faster for cultural & recreation goods (22.2 percent vs 17.6 percent) and for those in stalls and markets (16.3 percent vs 13.1 percent). On a monthly basis, retail sales decreased 1.9 percent, after a 0.4 percent rise in April. Retail Sales YoY in Slovakia averaged 3.11 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 3.50 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 3.70 in 12 months time. In the long-term, the Slovakia Retail Sales YoY is projected to trend around 3.10 percent in 2020, according to our econometric models.