Retail sales drop at faster pace of 5.2 pct in Sept

EconomyMacroeconomy Tags: ELSTAT, Retail

The turnover of Greece’s retail trade index fell at a faster pace by 5.2 percent in September following a drop by 3.8 percent in August, according to Hellenic Statistical Agency (ELSTAT) data published on Monday.

Since 2009, retail sales have decreased by 27.5 percent largely attributed to shrinking household disposable income (-32.1 percent) on the back of strict austerity measures leading to a sharp increase in unemployment, wage and pension cuts and rise in i...

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