Retail Sales in Greece

Greece Retail Sales | Economic News & Forecasts

Greece - Retail Sales

Government officials and the country’s creditors reached a deal on 2 May, after weeks of butting heads over required reforms. The agreement stipulates that the government will enact fresh austerity measures, including pension cuts and structural reforms, paving the way for the next disbursement of over EUR 7 billion as part of the bailout program. Although the government holds a razor-slim majority in parliament, the package of austerity measures is expected to be passed smoothly. The agreement comes amid a mixed economic panorama: industrial production growth soared in February, but the unemployment rate remained elevated in January. On the bright side, the government’s primary surplus came in at 4.2% of GDP in 2016, significantly above the bailout program target of 0.5%.

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 Yield5.68-0.68 %May 10
Exchange Rate1.09-0.20 %May 10
Stock Market7921.75 %May 10

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