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). Retail Sales YoY in Greece averaged -0.63 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.
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 2.00 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.