Greece's retail trade decreased 1.8 percent from the previous year in February of 2021, following an upwardly revised drop of 1.6 percent in the previous month. It was the fourth straight month of declines due to restrictions aimed at curbing the spread of the virus, as sales diminished mostly for clothing & footwear (-23.2 percent vs -0.9 percent in January), automotive fuel (-9.9 percent vs -20.3 percent) and books and stationery (-6.8 percent vs -2.5 percent). Nevertheless, primary need goods have experienced an annual increase in sales, particularly pharmaceutical products (15.6 percent vs 15.4 percent) and food (3.4 percent vs 4.2 percent). On a seasonally adjusted monthly basis, retail sales went up 0.1 percent, after having jumped 6.1 percent in the prior month. source: National Statistical Service of Greece
Retail Sales YoY in Greece averaged -0.72 percent from 2001 until 2021, 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 May of 2021.
Retail Sales YoY in Greece is expected to be 7.50 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 4.50 in 12 months time. In the long-term, the Greece Retail Sales YoY is projected to trend around 3.20 percent in 2022 and 2.30 percent in 2023, according to our econometric models.