Retail sales in Greece rose 3.1 percent year-on-year in November 2019, after an upwardly revised 7.2 percent gain in the previous month. Sales increased much less for food (1.4 percent vs 6.4 percent n October) and non-food products (6 percent vs 8.5 percent), namely pharmaceuticals (11 percent vs 17.3 percent). In addition, those of automotive fuel decreased (-0.3 percent vs 9.3 percent). On a seasonally adjusted monthly basis, retail trade went up 0.5 percent, after shrinking 0.7 percent in the previous month..

Retail Sales YoY in Greece averaged -0.54 percent from 2001 until 2019, reaching an all time high of 13.60 percent in December of 2006 and a record low of -19.40 percent in December of 2010. 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.

Retail Sales YoY in Greece is expected to be 2.00 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 1.80 in 12 months time. In the long-term, the Greece Retail Sales YoY is projected to trend around 1.80 percent in 2021 and 2.00 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 7.20 13.60 -19.40 2001 - 2019 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-31 10:00 AM Aug 0.8% -2.2% -1.6%
2019-11-29 10:00 AM Sep 5.1% 2.2% 2.1%
2019-12-31 10:00 AM Oct 7.1% 5% 2%
2020-01-31 10:00 AM Nov 3.1% 7.2% 2.2%
2020-02-28 10:00 AM Dec 3.1% 1.7%
2020-03-31 09:00 AM Jan
2020-04-30 09:00 AM Feb
2020-05-29 09:00 AM Mar 2%


News Stream
Greek Retail Sales Growth Slows in November
Retail sales in Greece rose 3.1 percent year-on-year in November 2019, after an upwardly revised 7.2 percent gain in the previous month. Sales increased much less for food (1.4 percent vs 6.4 percent n October) and non-food products (6 percent vs 8.5 percent), namely pharmaceuticals (11 percent vs 17.3 percent). In addition, those of automotive fuel decreased (-0.3 percent vs 9.3 percent). On a seasonally adjusted monthly basis, retail trade went up 0.5 percent, after shrinking 0.7 percent in the previous month.
2020-01-31
Greek Retail Sales Grow the Most since 2017
Retail sales in Greece climbed 7.1 percent year-on-year in October 2019, following a downwardly revised 5 percent rise in the previous month. It was the biggest annual gain in retail activity since February 2017, boosted by sales of pharmaceutical products, cosmetics (15.3 percent); books, stationery, other goods (9.7 percent); automotive fuel (9.5 percent); supermarkets (7.3 percent) and clothing & footwear (4.1 percent). On a seasonally adjusted monthly basis, retail sales went down 0.7 percent, after a downwardly revised 1 percent increase in the prior month.
2019-12-31
Greek Retail Sales Rise the Most since 2017
Retail sales in Greece surged 5.2 percent year-on-year in September 2019, following an upwardly revised 2.2 percent rise in the previous month. It was the biggest annual gain in retail trade since February 2017, mainly boosted by furniture, electrical equipment & household equipment (15.1 percent vs 11.4 percent in August); clothing & footwear (10.3 percent vs -0.2 percent); pharmaceutical products and cosmetics (5.6 percent vs 5.1 percent); automotive fuel (4.2 percent vs 1.4 percent in August) and department stores rebounded (2.8 percent vs -6.9 percent). On a seasonally adjusted monthly basis, retail sales went up 1.5 percent, after increasing 2.2 percent in the previous month.
2019-11-29
Greek Retail Sales Fall in July
Greece's retail trade slumped 3 percent from a year earlier in July 2019, reversing a revised 2.4 percent growth in the previous month, led by lower sales of pharmaceutical products, cosmetics (-8.0 percent vs -2.6 percent), clothing and footwear (-5.6 percent vs 8.9 percent), food, beverages and tobacco (-14.3 percent vs -0.7 percent), and automotive fuel (-1.0 percent vs 5.4 percent). Also, sales at department stores plunged 20.1 percent (vs -18.4 percent in June).
2019-09-30

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.