Retail sales in Greece increased 0.7 percent year-on-year in December of 2018, after a downwardly revised 2.9 percent rise in the previous month. Sales rose less for food (1.4% vs 4.3% in November) and decreased for non-food products (-4.0% vs 1.1%), mostly pharmaceutical products, cosmetics (-7.3%). Meanwhile, clothing & footwear posted a strong gain (5.6%) and automotive fuel rebounded (3.9% vs -2.1%). On a seasonally adjusted monthly basis, retail sales fell 0.5 percent, following an upwardly revised 3.6 percent rise in the previous month. Considering the full year of 2018, retail trade grew 1.5 percent compared to 1.2 percent in 2017. Retail Sales YoY in Greece averaged -0.62 percent from 2001 until 2018, reaching an all time high of 13.60 percent in December of 2006 and a record low of -19.40 percent in December of 2010.

Retail Sales YoY in Greece is expected to be 1.50 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 1.70 in 12 months time. In the long-term, the Greece Retail Sales YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.

Greece Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 10:00 AM Retail Sales YoY 3.3% 3.6% 1.2%
2018-12-31 10:00 AM Retail Sales YoY -4% 2.9% 2.5%
2019-01-31 10:30 AM Retail Sales YoY 3.2% -4.1% -0.6%
2019-02-28 10:00 AM Retail Sales YoY 0.7% 2.9% 1.5%
2019-03-29 10:00 AM Retail Sales YoY 0.7% 1.4%
2019-04-25 09:00 AM Retail Sales YoY
2019-05-31 09:00 AM Retail Sales YoY 1.5%


Greece Consumer Last Previous Highest Lowest Unit
Consumer Confidence -33.30 -28.30 3.20 -80.80 Index Points [+]
Retail Sales MoM -0.50 3.60 10.00 -9.50 percent [+]
Retail Sales YoY 0.70 2.90 13.60 -19.40 percent [+]
Consumer Spending 32328.30 33284.10 43367.50 24648.60 EUR Million [+]
Private Sector Credit 169298.82 170171.17 259292.47 2351.82 EUR Million [+]
Households Debt To GDP 53.60 54.30 65.30 5.50 percent of GDP [+]
Bank Lending Rate 4.68 4.44 7.40 4.33 percent [+]
Gasoline Prices 1.73 1.70 2.34 0.65 USD/Liter [+]
Consumer Credit 18448.33 18507.04 36512.80 0.73 EUR Million [+]
Consumer Confidence Current Conditions -76.60 -74.30 5.80 -98.60 [+]
Consumer Confidence Economic Expectations -74.90 -73.60 17.20 -88.70 [+]
Consumer Confidence Financial Expectations -63.70 -63.00 11.60 -79.10 [+]
Consumer Confidence Major Purchases Expectations -57.90 -57.30 4.80 -81.20 [+]
Consumer Confidence Price Trends 15.40 11.60 60.10 -16.60 [+]
Consumer Confidence Savings Expectations -83.90 -83.60 -23.30 -86.80 [+]
Consumer Confidence Unemployment Expectations 52.50 58.40 92.90 3.80 [+]


Greece Retail Sales YoY

In Greece, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 2.90 13.60 -19.40 2001 - 2018 percent Monthly
NSA




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