Retail sales up by 20.2 pct YoY in Mar, effects of inflation emerge in volume data

EconomyMacroeconomy Tags: ELSTAT, Retail
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The growth in Greece’s retail sales accelerated to 20.2 percent year-on-year (YoY) in March, after an increase of 16.9 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.

It should be noted that Greece’s second lockdown was introduced in November 2020 and ran into the new year in 2021, so the annual growth captures the base effect of restrictions imposed in the previous year and a much-subdued retail season, even during ...

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