Greek retail sales rise in December, led by appliances, cosmetics

TAGS: Economy

Greek retail sales by volume rose 1.8 percent in December compared to the same month a year ago after an upwardly revised 2.6 percent drop in November, statistics service ELSTAT said on Wednesday.

Retail sales were led higher by appliances, books, cosmetics and drugs, 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.            
The government expects the economy to grow by 2.5 percent this year. [Reuters]