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...

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.