Reflecting annual base effect, retail sales rise 19 pct in Nov but fall on previous month

EconomyMacroeconomy Tags: ELSTAT, Retail
Photo by Pavlos Svoronos/Fosphotos
Photo by Pavlos Svoronos/Fosphotos

Greece’s retail sales experienced a significant annual recovery in November, rising by 19 percent year-on-year (YoY) from a downward revised 10.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.

It should be noted that in November 2020 Greece’s second lockdown was introduced so the annual growth of 2021 captures the base effect of restrictions imposed in the previous year.

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