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.