Seasonality drives retail sales up by 12.1 pct in Jun, but cost-of-living crisis evident in volume data

EconomyMacroeconomy Tags: ELSTAT, Retail
Photo by MacroPolis
Photo by MacroPolis

The growth in Greece’s retail sales picked up pace again in June, rising by 12.1 percent year-on-year (YoY), from a downward revised 4.6 percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.

On a monthly basis, the seasonally adjusted index increased by 4.3 percent in June, after a decrease of 3.7 percent in the previous month. The volume’s monthly movement was up by a more modest 1.8 percent, a distinct sign that consumers are affected by ...

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