Retail sales in Chile decreased 0.8 percent year-on-year in April 2019, following an upwardly revised 0.9 percent gain in the previous month. It was the biggest fall in retail trade since September 2014, as sales declined further for clothing, footwear & accessories (-5.9 percent from 0.5 percent in March) and pharmacy, cosmetics & personal products (-0.6 percent from 0.4 percent). Also, sales fell further for new light vehicles (-6.8 percent from -6.5 percent); fuels (-2 percent from -0.5 percent); and construction materials (-1.3 percent from -0.4 percent). Additionally, sales growth slowed for spare parts, tires & automotive vehicles accessories (6 percent from 7.6 percent); electronic products (1.3 percent from 7.1 percent); and other consumption goods (1 percent from 3.7 percent). On a monthly basis, retail sales declined 7.4 percent, after an upwardly revised 14.2 percent rise. Retail Sales YoY in Chile averaged 6.37 percent from 2006 until 2019, reaching an all time high of 23.80 percent in April of 2010 and a record low of -5.10 percent in April of 2009.
Retail Sales YoY in Chile is expected to be 4.20 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 Chile to stand at 2.50 in 12 months time. In the long-term, the Chile Retail Sales YoY is projected to trend around 3.70 percent in 2020, according to our econometric models.