Retail Sales in Greece

Greece Retail Sales | Economic News & Forecasts

Greece - Retail Sales

Complete data for the fourth quarter show that the economy ended last year on a much weaker footing than initially estimated, recording the sharpest contraction since Q3 2015. The deterioration was driven by nosediving investment and a sharp slowdown in household spending. The abysmal result underscores the challenges facing the debt-burdened country and the lack of progress made towards a sustained recovery despite multiple macroeconomic adjustment programs. In addition, the country’s feeble economic state has increased skepticism over whether the government will be able to hit tough bailout targets. The bailout review was delayed again in March as the government and its creditors remain at odds over required reforms, in particular concerning the labor market. A successful review is needed to unlock fresh funds, which are vital before over EUR 7 billion in bond payments are due in July.

Greece - Retail Sales Data

2011  2012  2013  2014  2015  
Retail Sales (annual variation in %)-10.2  -12.2  -8.1  -0.4  -1.5  

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Greece Retail Sales Chart

Greece Retail
Note: Annual variation of real retail sales in %.
Source: National Statistical Service and FocusEconomics calculations.

Greece Facts

Bond Yield7.18-2.40 %Mar 28
Exchange Rate1.09-0.16 %Mar 28
Stock Market6652.78 %Mar 28

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