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22ndannualcapital

Greek Retail Sales Increase 7.3%

In April, Greek retail sales by volume increased by 7.3%, in comparison to April 2013.

This is the largest retail purchasing stride in over two years, as determined by ELSTAT today. A 1.2% drop was experienced between March 2014 and March 2013.

It is predicted by the nation's capital and global lenders that private consumption will continue to remain fragile, even with a 0.6% economic advancement in the investments, exports and tourism sectors. Between 2009 to 2013, retail sales decreased by approximately 40% as a result of austerity mandates placed on Greece.