Retail sales in Chile dropped 2.8 percent year-on-year in December 2019, following a 9.8 percent fall in the previous month. Sales fell less for new light motor vehicles (-17 percent vs -32 percent); clothing, footwear & accessories (-4.7 percent vs -14.7 percent); electronic products (-2.5 percent vs -9.4 percent); and beverages & tobacco (-2.7 percent vs -5.6 percent). Also, sales rebounded for spare parts, tires & accessories of motor vehicles (7.6 percent vs -6.8 percent); fuel (0.6 percent vs -0.4 percent); and construction materials (1.8 percent vs -5.4 percent). On a monthly basis, retail trade jumped 42.3 percent, after a 0.2 percent rise in the prior month. Considering 2019 as a whole, retail trade dropped 1.7 percent compared to a year earlier, amid a domestic unrest that hit the country since mid-October 2019 after the announcement of a hike in public transport prices.
Retail Sales YoY in Chile averaged 5.95 percent from 2006 until 2019, reaching an all time high of 23.80 percent in April of 2010 and a record low of -11.90 percent in October of 2019. This page provides - Chile Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Institute of Statistics, Chile
Retail Sales YoY in Chile is expected to be 2.50 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 Chile to stand at 1.30 in 12 months time. In the long-term, the Chile Retail Sales YoY is projected to trend around 3.90 percent in 2021, according to our econometric models.