Retail sales in Slovakia fell 1.9 percent from a year earlier in March of 2019, after showing no growth in the previous month. It was the first drop in retail trade since July of 2016. Sales continued to decline in non-specialized stores (-7.5 percent from -2.7 percent in February), for ICT in specialized stores (-10 percent from -8.6 percent) and for other goods in specialized stores (-3.1 percent from -4.4 percent). Also, sales slowed for food, beverages & tobacco (13.8 percent from 17.3 percent) and for those not in stores, stalls or markets (2.8 percent from 9.4 percent). On the other hand, sales rose faster via stalls and markets (12.9 percent from 12.2 percent) and automotive fuel (6.5 percent from 5.5 percent). On a monthly basis, retail sales decreased 0.3 percent, following a 1.8 percent drop in February. Retail Sales YoY in Slovakia averaged 3.14 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 4.20 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 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.