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Greek retail sales drop in November, led by supermarkets, fuels

Published 31/01/2018, 10:21
Updated 31/01/2018, 10:31
© Reuters. Women look at a shop window at a main shopping street in Athens

© Reuters. Women look at a shop window at a main shopping street in Athens

ATHENS (Reuters) - Greek retail sales by volume declined 2.9 percent in November compared to the same month a year ago after a 1.0 percent drop in October, statistics service ELSTAT said on Wednesday.

Retail sales were led lower by supermarkets, fuels, lubricants, foods and beverages, the data showed.

Greece's economy expanded for a third straight quarter between July and September, driven by strong tourism and higher government spending. Gross domestic product expanded 0.3 percent in the third quarter from the second.

© Reuters. Women look at a shop window at a main shopping street in Athens

The government expects the economy to grow by 2.5 percent this year.

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