BUSINESS

Greek August retail sales rise 3.2 pct, led by supermarkets

TAGS: Economy

Greek retail sales by volume rose 3.2 percent in August compared to the same month last year after a downwardly revised 2.3 percent increase in July, statistics service ELSTAT said on Wednesday.

Retail sales were led higher by supermarkets, furniture and home appliances, the data showed.

Greece's economy expanded for a sixth straight quarter in the April-to-June period but at a slower pace than the quarter before, mainly because of weak investment spending.

Gross domestic product grew 0.2 percent in the second quarter compared with an upwardly revised 0.9 percent in January-to-March.

On an annual basis, Greece's economic expansion decelerated to 1.8 percent in the second quarter from an upwardly revised 2.5 percent in the first quarter. [Reuters]

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