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.