European Economic News

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.

by RTTNews Staff Writer

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