Retail sales in Chile rose 2.4 percent year-on-year in December 2018, rebounding from a 0.8 percent fall in the previous month. Sales increased mainly due to clothing, footwear & accessories (8.1 percent); new automotive vehicles (4.9 percent); spare parts, tires & automotive vehicles accessories (3.9 percent). On the other hand, sales dropped for fuels (-6.7 percent); beverages & tobacco (-1.1 percent) and construction materials, tools, hardware & paint (-4.1 percent). On a monthly basis, retail sales jumped 34.1 percent, after declining 2.6 percent in the prior month. Considering full 2018, retail trade went up 3.4 percent. Retail Sales YoY in Chile averaged 6.42 percent from 2006 until 2018, 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 3.40 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 3.80 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.