Retail sales in Greece declined 3.5 percent year-on-year in September 2020, following a downwardly revised 0.6 percent drop in the previous month. It was the seventh successive decrease in retail trade, amid the coronavirus crisis. Sales fell further for automotive fuel (-12.6 percent vs -4.4 percent in August); supermarkets (-1.8 percent vs -1.2 percent); and clothing & footwear (-8.6 percent vs -2.9 percent). Also, sales of food, beverages & tobacco went down (-8.1 percent vs 2.1 percent), while those at department stores rose at a softer pace (1.8 percent vs 10.4 percent). On a seasonally adjusted monthly basis, retail sales were unchanged, after rising 1.4 percent in the prior month. source: National Statistical Service of Greece

Retail Sales YoY in Greece averaged -0.66 percent from 2001 until 2020, reaching an all time high of 13.60 percent in December of 2006 and a record low of -24.60 percent in April of 2020. This page provides the latest reported value for - Greece Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Retail Sales YoY in Greece is expected to be -3.00 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 Greece to stand at 3.70 in 12 months time. In the long-term, the Greece Retail Sales YoY is projected to trend around 5.60 percent in 2021 and 2.30 percent in 2022, according to our econometric models.

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Greece Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 -0.60 13.60 -24.60 2001 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 09:00 AM Jun -7.3% -5.1% -4.8%
2020-09-30 09:00 AM Jul -3.1% -3.8% -4.2%
2020-10-30 10:00 AM Aug -1% -2.8% -2%
2020-11-30 10:00 AM Sep -3.5% -0.6% 0.5%
2020-12-31 10:00 AM Oct -3.5%
2021-02-01 10:00 AM Nov
2021-03-01 10:00 AM Dec
2021-03-31 09:00 AM Jan


News Stream
Greece Retail Sales Fall for 7th Straight Month
Retail sales in Greece declined 3.5 percent year-on-year in September 2020, following a downwardly revised 0.6 percent drop in the previous month. It was the seventh successive decrease in retail trade, amid the coronavirus crisis. Sales fell further for automotive fuel (-12.6 percent vs -4.4 percent in August); supermarkets (-1.8 percent vs -1.2 percent); and clothing & footwear (-8.6 percent vs -2.9 percent). Also, sales of food, beverages & tobacco went down (-8.1 percent vs 2.1 percent), while those at department stores rose at a softer pace (1.8 percent vs 10.4 percent). On a seasonally adjusted monthly basis, retail sales were unchanged, after rising 1.4 percent in the prior month.
2020-11-30
Greek Retail Trade Falls the Least in 6 Months
Retail sales in Greece shrank 1 percent year-on-year in August of 2020, following a downwardly revised 2.8 percent decline in the previous month. It was the sixth consecutive month of falling retail activity, but the rate of decrease was the softest in the current sequence that began in March. Sales fell less mostly for automotive fuel (-3.1 percent vs -8.5 percent in July) and supermarkets (-1 percent vs -4.6 percent). Additionally, those of food, beverages & tobacco rebounded (3.1 percent vs -10 percent) while sales grew faster at department stores (11.6 percent vs 1.5 percent) and for pharmaceutical products, cosmetics (11.1 percent vs 10.2 percent). On a seasonally adjusted monthly basis, retail sales went up 1.1 percent, recovering from a downwardly revised 0.7 percent fall in the previous month.
2020-10-30
Greece Retail Sales Fall at a Softer Pace in July
Retail sales in Greece fell 3.1 percent year-on-year in July 2020, following a downwardly revised 3.8 percent drop in the previous month. Sales declined at a softer pace for automotive fuel (-9.5 percent vs -15.2 percent in June); and food, beverages & tobacco (-10 percent vs -10.4 percent). Additionally, sales at department stores rose further (2.4 percent vs 0.9 percent). Meanwhile, sales increased less for clothing and footwear (2.6 percent vs 4.9 percent); pharmaceutical products, cosmetics (11.7 percent vs 16.1 percent); furniture, electrical equipment & household equipment (12.8 percent vs 13.4 percent) and books, stationery & other goods (5.1 percent vs 11 percent). On a seasonally adjusted monthly basis, retail sales went down 0.9 percent, after a 1.9 percent rise in June.
2020-09-30
Greece Retail Sales Drop for 4th Month
Retail sales in Greece decreased 7.3 percent year-on-year in June of 2020, following a downwardly revised 5.1 percent fall in the previous month. It was the fourth consecutive month of falls in retail trade, as sales of automotive fuel slumped 19.3 percent, food, beverages & tobacco declined 16.5 percent, department stores dropped 9 percent, supermarkets fell 6.6 percent, clothing and footwear tumbled 2.4 percent and those of pharmaceutical products, cosmetics went down 0.7 percent. In contrast, sales of furniture, electrical equipment & household equipment rose 28.8 percent and those of books, stationery & other goods went up 1.2 percent. On a monthly basis, retail sales climbed 1 percent, after a 26.5 percent jump in May.
2020-08-31

Greece Retail Sales YoY
In Greece, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.