Retail sales in Chile soared by 44.0 percent year-on-year in April of 2021, following a downwardly revised 23.5 percent surge in the previous month. It was by far the highest value ever recorded since the series began, given low baseline effects from the pandemic outbreak. The biggest increases were recorded for sales of durable goods such as light motor vehicles (425.5 percent vs 98.8 percent in March), but also secondary need goods like clothing & footwear (73.4 percent vs 29.4 percent), construction materials, tools, hardware & paints (53.7 percent vs 47.3 percent) and electronic & technological products (45.5 percent vs 60.6 percent). On a monthly basis, retail trade plunged 13.6 percent, after a downwardly revised 10.6 percent surge in the prior month. source: National Institute of Statistics, Chile
Retail Sales YoY in Chile averaged 5.62 percent from 2006 until 2021, reaching an all time high of 44 percent in April of 2021 and a record low of -32.10 percent in April of 2020. This page provides - Chile Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Retail Sales YoY in Chile is expected to be 16.00 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 Chile to stand at 3.00 in 12 months time. In the long-term, the Chile Retail Sales YoY is projected to trend around 2.50 percent in 2022 and 3.90 percent in 2023, according to our econometric models.