Retail Sales in Greece

Greece Retail Sales | Economic News & Forecasts

Greece - Retail Sales

Despite passing a raft of fresh austerity measures to appease creditors on 18 May, the country is moving closer to another summer crisis. The IMF and Eurozone finance ministers continue to clash over the sustainability of the country’s debt load, and the standoff is the last obstacle blocking a fresh EUR 7.3 billion in funds for the country, which are needed to fulfill a heavy debt repayment load in July. On top of this, the economic panorama is grim. GDP contracted again in Q1 2017 as growth fails to emerge despite a battery of economic reforms. The country has by far the highest unemployment rate in the Eurozone and while the manufacturing PMI improved slightly in April, it remained firmly in contractionary territory.

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 Yield5.67-3.49 %Jun 16
Exchange Rate1.120.43 %Jun 16
Stock Market8060.80 %Jun 16

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