Greek retail sales tumbled another 6.4 pct in September

EconomyMacroeconomy Tags: ELSTAT, Retail

Retail sales headed south for yet another month with the contraction rate decelerating to 6.4 percent in September from 8.9 percent in August, according to Hellenic Statistical Authority (ELSTAT). A broadly similar trend and drop of 5.4 percent was also evident in retail volumes.

The decline in 2013 continues unabated following an average annual drop of 11.0 and 7.2 percent in 2012 and 2011 respectively, with the nosedive jumping to 29 percent compared to September 2008. Retail sales evolution since the beginning of the Greek cr...

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