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Greek Retail Revenues Suffer Decline

Retail sales according to volume in Greece suffered a 0.4% downturn this past June, in comparison to June of 2014.

The decline was attributed to lesser sales in the makeup, pharmaceuticals, and furniture genres, as determined by ELSTAT statistical service. Consumer revenues in the nation increased by 1.1% in the second quarter of this year, boosting the Greek economy by 0.9%.

Between 2009 to 2014, Greek retail purchases dipped by approximately 40%, due to austerity measured placed on the country by its international lenders.

(Source: Reuters)