Retail sales in Greece plunged 24.8 percent year-on-year in April of 2020, the biggest drop ever as the country stayed in lockdown between the end of March and mid-May due to the coronavirus pandemic. Sales of books, stationery and other goods slumped 52.5 percent, auto fuel sank 31.9 percent, sales of food, beverages and tobacco went down 26.3 percent and those of pharmaceuticals products and cosmetics fell 3.6 percent. In contrast, sales in supermarkets went up 6.2 percent. On a monthly basis, retail sales plunged 25.5 percent.
Retail Sales YoY in Greece averaged -0.61 percent from 2001 until 2020, reaching an all time high of 13.60 percent in December of 2006 and a record low of -24.80 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 July of 2020.
Retail Sales YoY in Greece is expected to be 1.90 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 1.80 in 12 months time. In the long-term, the Greece Retail Sales YoY is projected to trend around 1.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.