Retail sales in Greece fell 3.1 percent year-on-year in July 2020, following a downwardly revised 3.8 percent drop in the previous month. Sales declined at a softer pace for automotive fuel (-9.5 percent vs -15.2 percent in June); and food, beverages & tobacco (-10 percent vs -10.4 percent). Additionally, sales at department stores rose further (2.4 percent vs 0.9 percent). Meanwhile, sales increased less for clothing and footwear (2.6 percent vs 4.9 percent); pharmaceutical products, cosmetics (11.7 percent vs 16.1 percent); furniture, electrical equipment & household equipment (12.8 percent vs 13.4 percent) and books, stationery & other goods (5.1 percent vs 11 percent). On a seasonally adjusted monthly basis, retail sales went down 0.9 percent, after a 1.9 percent rise in June.

Retail Sales YoY in Greece averaged -0.66 percent from 2001 until 2020, reaching an all time high of 13.60 percent in December of 2006 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 October of 2020.

Retail Sales YoY in Greece is expected to be -2.60 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 Greece to stand at 7.50 in 12 months time. In the long-term, the Greece Retail Sales YoY is projected to trend around 5.60 percent in 2021 and 2.30 percent in 2022, according to our econometric models.

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Greece Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -3.80 13.60 -24.60 2001 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 09:00 AM Apr -24.8% -2.4% -22%
2020-07-31 09:00 AM May -5.8% -24.6% -18%
2020-08-31 09:00 AM Jun -7.3% -5.1% -4.8%
2020-09-30 09:00 AM Jul -3.1% -3.8% -4.2%
2020-10-30 10:00 AM Aug -3.1% -2%
2020-11-30 10:00 AM Sep -2.6%
2020-12-31 10:00 AM Oct


News Stream
Greece Retail Sales Fall at a Softer Pace in July
Retail sales in Greece fell 3.1 percent year-on-year in July 2020, following a downwardly revised 3.8 percent drop in the previous month. Sales declined at a softer pace for automotive fuel (-9.5 percent vs -15.2 percent in June); and food, beverages & tobacco (-10 percent vs -10.4 percent). Additionally, sales at department stores rose further (2.4 percent vs 0.9 percent). Meanwhile, sales increased less for clothing and footwear (2.6 percent vs 4.9 percent); pharmaceutical products, cosmetics (11.7 percent vs 16.1 percent); furniture, electrical equipment & household equipment (12.8 percent vs 13.4 percent) and books, stationery & other goods (5.1 percent vs 11 percent). On a seasonally adjusted monthly basis, retail sales went down 0.9 percent, after a 1.9 percent rise in June.
2020-09-30
Greece Retail Sales Drop for 4th Month
Retail sales in Greece decreased 7.3 percent year-on-year in June of 2020, following a downwardly revised 5.1 percent fall in the previous month. It was the fourth consecutive month of falls in retail trade, as sales of automotive fuel slumped 19.3 percent, food, beverages & tobacco declined 16.5 percent, department stores dropped 9 percent, supermarkets fell 6.6 percent, clothing and footwear tumbled 2.4 percent and those of pharmaceutical products, cosmetics went down 0.7 percent. In contrast, sales of furniture, electrical equipment & household equipment rose 28.8 percent and those of books, stationery & other goods went up 1.2 percent. On a monthly basis, retail sales climbed 1 percent, after a 26.5 percent jump in May.
2020-08-31
Greece Retail Sales Fall 5.8% YoY in May
Retail sales in Greece decreased 5.8 percent year-on-year in May of 2020, following a downwardly revised 24.6 percent plunge in the previous month. Sales of clothing and footwear slumped 24.7 percent, food, beverages & tobacco declined 17.5 percent, department stores sales dropped 16.9 percent and those of automotive fuel went down 8.4 percent. In contrast, sales in supermarkets went up 5.5 percent. On a monthly basis, retail sales surged 26 percent, after a 24.2 percent drop in April.
2020-07-31
Greece Retail Sales Fall at Record Pace
Retail sales in Greece plunged 24.8 percent year-on-year in April of 2020, the biggest drop ever as the country stayed in lockdown between the end of March and mid-May due to the coronavirus pandemic. Sales of books, stationery and other goods slumped 52.5 percent, auto fuel sank 31.9 percent, sales of food, beverages and tobacco went down 26.3 percent and those of pharmaceuticals products and cosmetics fell 3.6 percent. In contrast, sales in supermarkets went up 6.2 percent. On a monthly basis, retail sales plunged 25.5 percent.
2020-06-30

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.