Retail sales in Greece climbed 7.1 percent year-on-year in October 2019, following a downwardly revised 5 percent rise in the previous month. It was the biggest annual gain in retail activity since February 2017, boosted by sales of pharmaceutical products, cosmetics (15.3 percent); books, stationery, other goods (9.7 percent); automotive fuel (9.5 percent); supermarkets (7.3 percent) and clothing & footwear (4.1 percent). On a seasonally adjusted monthly basis, retail sales went down 0.7 percent, after a downwardly revised 1 percent increase in the prior month.

Retail Sales YoY in Greece averaged -0.56 percent from 2001 until 2019, reaching an all time high of 13.60 percent in December of 2006 and a record low of -19.40 percent in December of 2010. 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.

Retail Sales YoY in Greece is expected to be 1.70 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 1.90 in 12 months time. In the long-term, the Greece Retail Sales YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.


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Greece Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
7.10 5.00 13.60 -19.40 2001 - 2019 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 09:00 AM Jul -3% 2.4% 1.9%
2019-10-31 10:00 AM Aug 0.8% -2.2% -1.6%
2019-11-29 10:00 AM Sep 5.1% 2.2% 2.1%
2019-12-31 10:00 AM Oct 7.1% 5% 2%
2020-01-31 10:00 AM Nov 7.1% 2.2%


News Stream
2019-11-29
Greek Retail Sales Rise the Most since 2017
Retail sales in Greece surged 5.2 percent year-on-year in September 2019, following an upwardly revised 2.2 percent rise in the previous month. It was the biggest annual gain in retail trade since February 2017, mainly boosted by furniture, electrical equipment & household equipment (15.1 percent vs 11.4 percent in August); clothing & footwear (10.3 percent vs -0.2 percent); pharmaceutical products and cosmetics (5.6 percent vs 5.1 percent); automotive fuel (4.2 percent vs 1.4 percent in August) and department stores rebounded (2.8 percent vs -6.9 percent). On a seasonally adjusted monthly basis, retail sales went up 1.5 percent, after increasing 2.2 percent in the previous month.

2019-09-30
Greek Retail Sales Fall in July
Greece's retail trade slumped 3 percent from a year earlier in July 2019, reversing a revised 2.4 percent growth in the previous month, led by lower sales of pharmaceutical products, cosmetics (-8.0 percent vs -2.6 percent), clothing and footwear (-5.6 percent vs 8.9 percent), food, beverages and tobacco (-14.3 percent vs -0.7 percent), and automotive fuel (-1.0 percent vs 5.4 percent). Also, sales at department stores plunged 20.1 percent (vs -18.4 percent in June).

2019-08-30
Greek Retail Sales Rebound in June
Greece's retail trade increased 2.3 percent from a year earlier in June 2019, recovering from a revised 2.2 percent drop in the previous month, boosted by sales of home appliances and furniture, apparel, footwear, fuels and lubricants.

2019-07-31
Greece Retail Sales Fall for 2nd Month in May
Greece’s retail trade dropped 2.4 percent from a year earlier in May of 2019, following a downwardly revised 2.6 percent fall in the previous month. Sales continued to decline at department stores (-20.2 percent vs -19.7 percent in April) and super markets (-2.4 percent vs -2.8 percent). Sales fell further for food, beverages & tobacco (-9.8 percent vs -6.6 percent) while those of automotive fuel (-2.3 percent vs -5.2 percent) and pharmaceutical products & cosmetic (-2.4 percent vs -6 percent) decreased at a softer pace. On a seasonally adjusted monthly basis, retail sales went up 0.3 percent, rebounding from a 3.7 percent slump in April.

2019-06-28
Greek Retail Sales Drop 2.7% in April
Greece's retail trade slumped 2.7 percent from a year earlier in April 2019, following an upwardly revised 5.0 percent jump in the previous month, led lower by deapartment stores (-18.2 percent vs -10.5 percent), food and beverages (-7.1 percent vs 1.9 percent), pharmaceuticals and cosmetics (-6.8 percent vs -1.7 percent).

2019-04-25
Greek Retail Sales Fall for 3rd Straight Month
Retail trade in Greece fell 3.3 percent from a year earlier in February of 2019, following an upwardly revised 3.2 percent decrease in the previous month. It was the third straight monthly decline, as sales fell further in the food sector (-5.9 percent from -0.6 percent in January), namely in supermarkets (-6.9 percent from -0.1 percent). Meanwhile, sales dropped at a softer pace in department stores (-11.9 percent from -14 percent), for food, beverages & tobacco (-0.3 percent from -4.7 percent); pharmaceutical products & cosmetics (-6.1 percent from -9 percent) and clothing & footwear (-4.1 percent from -13.1 percent). On a monthly basis, retail trade increased 0.4 percent, recovering from a 2 percent decline in January.


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.

Greece Consumer Last Previous Highest Lowest Unit
Consumer Confidence -6.20 -6.80 3.20 -80.80 points [+]
Retail Sales MoM -0.70 1.00 10.00 -9.50 percent [+]
Retail Sales YoY 7.10 5.00 13.60 -19.40 percent [+]
Consumer Spending 33453.10 33198.90 43367.50 24648.60 EUR Million [+]
Private Sector Credit 155395.68 156502.08 259292.47 2351.82 EUR Million [+]
Households Debt To GDP 55.10 51.80 65.50 5.50 percent of GDP [+]
Bank Lending Rate 4.00 4.16 7.40 4.00 percent [+]
Gasoline Prices 1.79 1.76 2.34 0.65 USD/Liter [+]
Consumer Credit 16328.88 17028.97 36512.80 0.73 EUR Million [+]
Consumer Confidence Current Conditions -76.60 -74.30 5.80 -98.60 [+]
Consumer Confidence Economic Expectations -74.90 -73.60 17.20 -88.70 [+]
Consumer Confidence Financial Expectations -63.70 -63.00 11.60 -79.10 [+]
Consumer Confidence Major Purchases Expectations -57.90 -57.30 4.80 -81.20 [+]
Consumer Confidence Price Trends 15.40 11.60 60.10 -16.60 [+]
Consumer Confidence Savings Expectations -83.90 -83.60 -23.30 -86.80 [+]
Consumer Confidence Unemployment Expectations 52.50 58.40 92.90 3.80 [+]