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Greece Retail Sales Fall Further In April

Greece's retail sales continued to decline in April, preliminary figures from the Hellenic Statistical Authority showed Thursday.

Retail sales slipped 3.9 percent year-over-year in April, following a 4.0 percent decrease in the previous month. Sales have been falling since June last year.

Except automotive fuel, retail sales dropped 1.5 percent in April from a year ago. Sales of automotive fuel alone plunged 15.8 percent and sales at food sector registered a fall of 2.9 percent.

On a monthly basis, retail sales slid 0.5 percent in April, in contrast to a 2.7 percent gain in March.

In a separate report the statistical office revealed that producer prices in industry fell at a slower pace of 9.3 percent yearly in May, after a 10.2 percent decline a month ago.

Month-on-month, producer prices climbed 1.8 percent in May, faster than previous month's 0.4 percent rise. It was the third month of increase in a row.

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