Retail Sales in Greece

Greece Retail Sales | Economic News & Forecasts

Greece - Retail Sales

Green shoots have appeared in Greece’s economy. GDP expanded at the fastest pace since Q1 2008 in the third quarter as private consumption growth hit a multi-year high. A gradual improvement in the labor market has supported household consumption, however, the low basis of comparison also influenced the result. Despite the positive reading, the economy is still on a weak footing and the manufacturing PMI fell in November. The country entered a collision course with creditors in December after the government approved a series of spending increases including a Christmas bonus for pensioners. In retaliation, the European Stability Mechanism’s board of directors froze a deal made earlier in the month on short-term debt relief.

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 Yield7.040.0 %Jan 20
Exchange Rate1.070.63 %Jan 20
Stock Market639-0.52 %Jan 20

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