Greek retail sales rise 0.4 pct y/y in December
Greek retail sales by volume rose 0.4 percent in December compared to the same month a year ago, led higher by clothing, footwear, books and stationery, statistics service ELSTAT said on Monday.
Data on gross domestic product have shown some resilience in Greek consumer spending, which declined by only 0.1 percent in the fourth quarter.
Tax hikes and capital controls, imposed at the end of June to stem a flight of deposits have weighed on the sector.
The biggest fall in retail sales last year was recorded in July at 7.2 percent.
You may be interested
African heatwave to hit Greece from ThursdayPanos - Jun 26, 2017
Greece is bracing itself for an African heatwave starting from Thursday, when temperatures are expected to reach over 42-43 degrees…
Bloomberg: Can an Ancient Greek Win America’s Wars?Panos - Jun 26, 2017
It’s been a scorching week in Washington, what with daily revelations about Russian hacking, the Senate stumbling its way to…
Moscovici: Agreement is good, but a few more measures are needed…”Panos - Jun 26, 2017
In an interview to Thema newspaper, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said there were still…