Slovenia's retail sales increased 5.6 percent year-on-year in May of 2019, slowing from a 12.7 percent jump in the previous month. It was the weakest gain in retail trade since August 2018, as sales rose less for food, beverages & tobacco (0.9 percent vs 3.8 percent in April); non-food products (3.6 percent vs 5.0 percent) and for automotive fuel (10.9 percent vs 26.4 percent). On a seasonally adjusted monthly basis, retail sales fell 1.8 percent, after a 2.0 percent increase in April. Retail Sales YoY in Slovenia averaged 3.07 percent from 2001 until 2019, reaching an all time high of 20.20 percent in May of 2008 and a record low of -17 percent in September of 2009.
Retail Sales YoY in Slovenia is expected to be 5.00 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 Slovenia to stand at 2.50 in 12 months time. In the long-term, the Slovenia Retail Sales YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.