Bosnia’s retail sales growth slows

Bosnia’s retail sales growth slows
By bne IntelliNews August 30, 2017

Bosnia & Herzegovina’s working-day adjusted retail sales, measured at constant prices, increased by 4.1% y/y in July, slowing from a 7.4% y/y expansion the previous month, as the growth of retail trade excluding motor fuel expanded at a lower pace, the country’s statistics office reported on August 30.

Retail sales have continued the upward trend from 2016, suggesting that Bosnia’s domestic consumption, which is expected to support economic growth in the near-term, is increasing.

Retail sales of automotive fuel grew 3.7% y/y in July, slowing from a 5.8% y/y increase in June. Retail trade excluding automotive fuel expanded by 4.3% y/y, after going up by 7.9% y/y the month before.

Within the latter group, retail trade in food, beverages and tobacco increased 1.2% y/y, after going up by 8% y/y in June. The annual growth of retail trade of non-food products expanded by 6.3% y/y, slowing from a 7.9% y/y growth in June.

In monthly terms, Bosnia’s retail trade remained almost unchanged in July, after rising 1.6% m/m in June.