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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SerbiaSerbia Retail Sales YoY fell to 5.6% in April 2026
FMPMonthlyReleased May 2026
Serbia Retail Sales YoY fell to 5.6% in April 2026, released May 2026, down 8.4% from March's 14.0% reading. The reading missed the 15.0% consensus by 9.4%. Year-over-year, the indicator is up 5.2%. Over the past 3 months, Retail Sales YoY averaged 9.3%, vs 7.2% in the prior 3-month window. The reading is in the 67th percentile of the trailing 24-month range.
Latest Release
5.6
Actual
15
Consensus
14
Previous
Median Absolute Error
±1.79 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 14.2
Actual: 5.6
Error: +8.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.42 | FOREX | Bullish GBP | → View |
| BTC/USD | ▲ Direct | +0.33 | CRYPTO | Bullish BTC | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Bearish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Retail Sales YoY (Serbia) was reported at 5.6% in May 2026. This missed the market consensus of 15% by 9.4%. The reading fell from the previous value of 14%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 5.31%, ranging from 1.9% to 8.5% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 5.23%, down from the prior three at 7.83%. Volatility over the past year (σ 1.91%) is lower than the prior year (σ 2.4%). In May readings over the past 3 years, Retail Sales YoY has averaged 5.7%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.79%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Retail Sales YoY - RS
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About Retail Sales YoY — Serbia
DEFINITION
Retail Sales YoY (Year-over-Year) is a financial indicator that measures the change in the total value of goods and services sold by retailers compared to the same period in the previous year. It provides insight into the strength of consumer spending and overall economic growth, making it a key metric for investors, businesses, and policymakers. A positive YoY growth indicates an increase in consumer demand, while a negative growth may signal a decline in consumer confidence and potential economic slowdown.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 5.6 %, consensus 15 %. Prior reading (Mar 2026): 14 %. Before that (Feb 2026): 4.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.42) — a useful reference for forex-focused traders.