Greece Retail Sales Fall For Fifth Month

Greece’s retail sales decreased for the fifth consecutive month in October, preliminary figures from the Hellenic Statistical Authority showed Thursday.

The volume of retail sales dropped 2.5 percent year-over-year in October, slower than the 3.3 percent decline in the preceding month.

Except automotive fuel, retail sales slid 0.6 percent in October from a year ago.

Sales of food products dipped 2.0 percent annually in October, while that for non-food products, excluding automotive fuel, grew by 1.8 percent.

On a monthly basis, retail sales volume climbed a seasonally adjusted 0.7 percent in October, in contrast to a 1.5 percent drop in the prior month.

The material has been provided by InstaForex Company –