Retail sales drop by 0.3 pct in August, first negative reading for the year

EconomyMacroeconomy Tags: ELSTAT, Retail
Photo by Gerasimos Domenikos/Fosphotos
Photo by Gerasimos Domenikos/Fosphotos

Compared to the previous month, August’s figure declined by 1.1 percent. The headline figure for the month is the first negative reading ​this year.

The corresponding volume grew slightly by 0.1 percent, slowing from the growth of 2.5 percent posted in July. The latest figure is the lowest reading since May.

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