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Greece: Retail trade in November 2015 (Friday, January 29, 2016)

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Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Economic & Market Outlook – Focus Notes (Friday, January 29, 2016)

In November 2015 retail trade, as measured in both the turnover and volume indices, recorded a decrease both on an annual and on a monthly basis.

·         The sharpest decreases on an annual basis were recorded in not-in-store retail sales, super markets and automotive fuel.

·         On a monthly basis the categories that experienced the largest decreases in retail trade were in not-in-store retail sales and super markets. This is in concert with the consumer confidence indicator in November 2015 that fell by 4.5 index units compared to October 2015.

·         Given that retail trade also contracted on an annual basis in October 2015 – both in turnover and volume terms – the decline in November 2015 signals a possible deterioration in private consumption in Q4 2015.

Viewers can log herebelow and read the full report:

GLOBAL FOCUS NOTE_Retail Trade in Greece_November 2015

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