Retail sales volume down 2.9 pct in November

The volume of retail sales fell 2.9 pct in November 2017, reflecting a big decline in supermarket sales, Hellenic Statistical Authority (ELSTAT) said on Wednesday.

The statistics service, in a report, said that supermarket sales fell 7.2 pct, followed by declines in food/alcohol/tobacco (4.5 pct), fuel/lubricants (3.7 pct) and pharmaceuticals/cosmetics (0.2 pct). On the other hand, sales grew in furniture/home equipment (11.6 pct), clothing/footwear (4.1 pct), department stores (2.3 pct) and bookstores (1.4 pct).

The retail sales volume index (turnover in fixed prices) fell 2.9 pct in November compared with the same month in 2016, while it fell 3.8 pct compared with October 2017.

The retail sales turnover index (turnover in current prices) fell 1.7 pct in November from November 2016 and dropped 4.8 pct compared with October 2017.

The seasonally-adjusted turnover index eased 0.9 pct in November from October 2017.