Retail sales grow annually in Oct as volumes, monthly movements reflect cost of living impact

EconomyMacroeconomy Tags: ELSTAT, Retail
Image: MacroPolis
Image: MacroPolis

The growth in Greece’s retail sales saw a further drop in pace in October, rising by 8 percent year-on-year (YoY), from a 10.2 percent growth in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.

The corresponding volume index dropped by 2.2 percent annually, as volume reflects the impact of the cost-of-living crisis and strips out the effects of inflation on prices that inflate turnover.

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