Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown

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

The growth in Greece’s retail sales maintained a solid pace of 18.8 percent year-on-year (YoY) in April, from 20.2 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.

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 and a much-subdued retail season, even during the annual sales and leading up to Easter last year.

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