BUSINESS

Greek retail sales post drop in September

TAGS: Business, Economy

Greek retail sales by volume declined 0.8 percent in September compared to the same month a year ago after an upwardly revised 0.8 percent increase in August, statistics service ELSTAT said on Thursday.

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

Greece’s economy expanded for a second straight quarter between April and June, driven by gains in exports and higher government spending.

Gross domestic product expanded 0.5 percent in the second quarter of the year compared to the first.

[Reuters]

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