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Greece Retail Sales Decline At Faster Pace In September

The decline in Greek retail sales worsened in September with sales falling at the fastest pace in five months, data released by the Hellenic Statistical Authority showed Friday.

Overall retail sales volume excluding automotive fuel fell 12.2 percent year-on-year, following an 8.8 percent decline in the previous month. The latest drop was the biggest since April, when sales fell 13.8 percent.

Total sales volume fell 12.1 percent annually in September, after a 9.3 percent drop in August.

Food sales dipped 9.2 percent, while sales of automotive fuel slid 12.6 percent. Non-food sales decreased 16.1 percent.

Retail trade turnover excluding automotive fuel at current prices dropped 11.8 percent, after an 8.1 percent decline in August.

by RTT Staff Writer

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