Retail sales in Chile decreased 0.9 percent in June 2019, following a 3.3 percent rise in the previous month. Main declines in sales were recorded for new light vehicles (-10.3 percent vs -5.1 percent in May) and fuels (-14 percent vs -1.7 percent). On a monthly basis, retail sales tumbled 6.6 percent, after an upwardly revised 6.8 percent growth in the previous month. Considering the first six months of 2019, retail trade advanced 0.5 percent over a year ago. Retail Sales YoY in Chile averaged 6.31 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 3.30 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 3.90 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.