Retail Sales in Greece increased 1.20 percent in June of 2022 over the same month in the previous year. source: National Statistical Service of Greece

Retail Sales YoY in Greece averaged -0.01 percent from 2001 until 2022, reaching an all time high of 39.80 percent in April of 2021 and a record low of -24.60 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 September of 2022.

Retail Sales YoY in Greece is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Retail Sales YoY is projected to trend around 3.20 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

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Greece Retail Sales YoY

Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 09:00 AM May -4.2% 10.1% 2%
2022-08-31 09:00 AM Jun 1.2% -4.6% -5%
2022-09-30 09:00 AM Jul 1.2% 1.4%

Related Last Previous Unit Reference
Retail Sales MoM -4.90 0.80 percent May 2022
Retail Sales YoY 1.20 -4.60 percent Jun 2022
Consumer Spending 34966.30 31822.90 EUR Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.20 -4.60 39.80 -24.60 2001 - 2022 percent Monthly

News Stream
Greece Retail Sales Fall the Most in 17 Months
Retail sales in Greece declined by 4.2 percent year-on-year in May of 2022, easing from a 12.3 percent rise in the previous month, pointing to the first contraction in retail trade since March of 20221 and the steepest since December of 2020. The downturn was significantly felt in stores of clothing & footwear (-17.9 percent vs 42.2 percent in April); food, beverages & tobacco (-10.0 percent vs 12.2 percent); supermarkets (-7.6 percent vs -3.9 percent); and in sales of automotive fuel (-6.8 percent vs 13.0 percent). On a seasonally adjusted monthly basis, retail trade fell by 4.9 percent, after inching higher by 0.8 percent in April.
Greek Retail Trade Growth Softens in April
Retail sales in Greece advanced 10 percent year-on-year in April of 2022, easing from a 12.3 percent rise in the previous month. Sales slowed sharply for clothing and footwear (38.8 percent vs 79.4 percent); books and stationery (16.7 percent vs 38.8 percent); furniture, electrical equipment, and household equipment (14.8 percent vs 22 percent) while continued to decline for food products (-0.6 percent vs -1.1 percent). Meanwhile, sales increased for pharmaceutical products and cosmetics (16 percent vs 14.7 percent); and automotive fuel (13.8 percent vs 12.5 percent). On a seasonally adjusted monthly basis, retail trade went up by 0.9 percent.
Greek Retail Trade Growth Picks Up in November
Greece’s retail trade growth jumped 14.7 percent year-on-year in November of 2021 from a downwardly revised 7.9 percent rise in the previous month. It was the steepest increase since May, mainly boosted by sales of clothing and footwear (54.4 percent) and books and stationery (47.2 percent). Additional increases took place for furniture, electrical equipment, and household equipment (44.3 percent) and pharmaceutical products and cosmetics (17.6 percent). On a seasonally adjusted monthly basis, retail trade decreased by 2.6 percent.