Retail Sales in Venezuela

Venezuela Retail Sales | Economic News & Forecasts

Venezuela - Retail Sales

Car sales remain minimal in May despite increase

Car sales rose 11.3% year-on-year in May but sales remain minimal, with only 279 units shifted in that month, according to figures from the Venezuelan Automotive Chamber (CAVENEZ, Cámara Automotriz de Venezuela). With the government limiting imports and consumer purchasing power having fallen off a cliff, car sales have rapidly declined in recent years, meaning small variations in absolute numbers lead to large percentage changes. May’s reading was in contrast to the 19.7% decline recorded in April.

In the 12 months to May, car sales reached just 4,701 units, down 57.2% year-on-year.


Given the limited availability of timely data for the real sector, analysts often use car sales as a proxy for private consumption. Panelists participating in the LatinFocus Consensus Forecast expect private consumption to decline 5.8% in 2017, which is up 0.1 percentage points from the previous month’s estimate. In 2018, the panel sees private consumption contracting 1.0%.

Venezuela - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)-     -     -     -     -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Venezuela Facts

ValueChangeDate
Bond Yield5.500.0 %Aug 19
Exchange Rate248,8320.0 %Aug 17
Stock Market5,7642.04 %Jan 30

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form