Moody's explains cautious approach to Greek credit rating upgrade
PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Retail turnover in June grows strongly led by fuel and supermarket sales
Economic sentiment remains stable as retail confidence materially improves
Employment balance year-to-date posts record despite more departures in July
Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Retail's downward slide continued with 8.9 pct sales drop in August
Retail sales headed south for yet another month with the contraction rate decelerating to 8.9 percent in August from a revised 14.1 percent in July, according to Hellenic Statistical Authority (ELSTAT). A broadly similar drop of 7.8 percent was also evident in retail volumes. The decline in 2013 continues unabated following an average annual drop of 11.0 and 7.2 percent in 2012 and 2011 respectively with a cumulative nosedive of 26.7 percent since its peak in 2008.
The picture remains rather mixed in the various sectors with some segments such as department stores, pharmaceutical products and cosmetics as well as furniture, electrical and household equipment still deep in the red and exhibiting a double digit decl...
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