Retail sales grow by 11.9 in Jul, but volume data continues to tell different story

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

The growth in Greece’s retail sales stayed essentially stable in July, rising by 11.9 percent year-on-year (YoY), from an only slightly downward revised 12 percent rise in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.

The corresponding volume index in July increased by a subdued 1.7 percent YoY, after a marginal 1.2 percent growth in June, in one more signal of the cost-of-living impact.

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