December retail sales seen down 2.5 pct amid tax onrush

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

Sales in the Greek retail market fell by at least 2.5 percent in December compared to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).

ESEE chairman Vassilis Korkidis expects that retail turnover may stabilise in the next two months, during the winter sales period. However, this would still represent a 40 percent nosedive from the 2008 level. According to ESEE data, turnover during the...

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