Retail sales in Chile plunged 24 percent over a year earlier in June 2020, following a 28.7 percent slump in the previous month. It was the fourth consecutive decline in retail trade, amid the coronavirus pandemic. Sales dropped mainly for clothing, footwear & accessories (-54.9 percent); new automotive vehicles (-71.6 percent); and consumption goods (-15.3 percent). On a monthly basis, retail trade went down 0.8 percent, after increasing 11.4 percent in the prior month. Considering the first half of the year, retail sales declined 16.1 percent.
Retail Sales YoY in Chile averaged 5.20 percent from 2006 until 2020, reaching an all time high of 23.80 percent in April of 2010 and a record low of -31.70 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 August of 2020. source: National Institute of Statistics, Chile
Retail Sales YoY in Chile is expected to be -1.00 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 2.00 in 12 months time. In the long-term, the Chile Retail Sales YoY is projected to trend around 2.50 percent in 2021 and 3.90 percent in 2022, according to our econometric models.