Retail sales in Chile rose 1.8 percent year-on-year in July 2019, following an upwardly revised 1.2 percent decrease in the previous month. The largest contributors to the increase in sales were spare parts, tires & accessories for automotive vehicles (11.3 percent vs 3.0 percent in June); electronic products (4.2 percent vs 1.8 percent) and miscellaneous goods (3.2 percent vs 0.7 percent). On a monthly basis, retail trade went down 1.0 percent, after an upwardly revised 6.9 percent slump in the previous month. Considering the first seven months of 2019, retail trade advanced 0.7 percent over a year ago. Retail Sales YoY in Chile averaged 6.28 percent from 2006 until 2019, reaching an all time high of 23.80 percent in April of 2010 and a record low of -5.10 percent in April of 2009.
Retail Sales YoY in Chile is expected to be 3.30 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 3.90 in 12 months time. In the long-term, the Chile Retail Sales YoY is projected to trend around 3.90 percent in 2020, according to our econometric models.