Greece's retail trade contracted 2.9 percent from a year earlier in January 2019, following a downwardly revised 0.1 percent decline in the previous month, due to lower sales of clothing, footwear, pharmaceutical products and cosmetics. On a monthly basis, retail trade decreased 1.8 percent. Retail Sales YoY in Greece averaged -0.63 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.
Retail Sales YoY in Greece is expected to be 1.50 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 Greece to stand at 1.70 in 12 months time. In the long-term, the Greece Retail Sales YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.