Retail Sales in Greece decreased by 1.2 percent from a year earlier in December 2022, following a revised 1.1 percent gain in the previous period. source: National Statistical Service of Greece

Retail Sales YoY in Greece averaged 0.01 percent from 2001 until 2022, reaching an all time high of 39.80 percent in April of 2021 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 March of 2023.

Retail Sales YoY in Greece is expected to be -4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Retail Sales YoY is projected to trend around 1.70 percent in 2024 and 2.20 percent in 2025, according to our econometric models.

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Greece Retail Sales YoY

Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 10:00 AM Nov 0.9% -2.3% -0.8%
2023-02-28 10:00 AM Dec -1.2% 1.1% 4.2%
2023-03-31 09:00 AM Jan -1.2% -0.2%

Related Last Previous Unit Reference
Retail Sales MoM -1.00 0.60 percent Dec 2022
Retail Sales YoY -1.20 1.10 percent Dec 2022
Consumer Spending 34494.10 33719.30 EUR Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.20 1.10 39.80 -24.60 2001 - 2022 percent Monthly
Constant Prices, WDA

News Stream
Greek Retail Sales Surge by 0.9% in November
Retail trade in Greece rose by 0.9% year-on-year in November of 2022, following an upwardly revised 2.3% drop in the previous month. Sales increased for books & stationery (22.1% vs 6.3%), clothing & footwear (5.2% vs -1.8%) and automotive fuel (0.2% vs -3.6%). Meanwhile, sales slowed for furniture, electrical equipment & household equipment (7% vs 9.4%), while continued to decline for food products (-1.5% vs -5.5%) and pharmaceutical products & cosmetics (-5.2% vs -2.4%). On a seasonally adjusted monthly basis, retail trade went down by 1.5%, after a downwardly revised 0.7% decline in October.
Greek Retail Sales Post First Drop in Five Months
Retail trade in Greece declined by 2.2 year-on-year in October of 2022, following a downwardly revised 1.2 percent rise in the previous month. It was the first decline in sales since May, driven by lower purchases in the food sector (-5.5 percent) and automotive fuel (-2.3 percent). Among specialized store categories, sales declined the most for supermarkets (-6.8 percent) and food, beverages, and tobacco (-6.5 percent). Retail sales fell at a softer 0.8 percent on a seasonally adjusted monthly basis.
Greece Retail Sales Accelerate in August
Retail trade in Greece rose by 4.4% year-on-year in August of 2022, accelerating from a downwardly revised 1.5% rise in the previous month. It was the third consecutive expansion and the strongest in the sequence, driven by higher purchases in books, stationery and other goods (12.8%), food, beverages and tobacco (9%), pharmaceutical products and cosmetics (8.5%), along with furniture, electrical and household equipment (8.3%). Meanwhile, sales in department stores and clothing and footwear declined by -0.1% and -0.5%, respectively. On a seasonally adjusted monthly basis, retail sales climbed at a softer 0.9%, after advancing 1.6% in July.