ECONOMY

Greek January retail sales fall 2.9 pct led by clothing, cosmetics

greek-january-retail-sales-fall-2-9-pct-led-by-clothing-cosmetics

Greek retail sales by volume fell 2.9 percent in January compared to the same month last year after a downwardly revised 0.1 percent decline in December, statistics service ELSTAT said on Friday.

Retail sales were led lower by clothing, footwear, pharmaceutical products and cosmetics.  

Greece's economy shrank in the last quarter of 2018 after expanding for nine consecutive quartners, with gross domestic product contracting by 0.1 percent, compared to a 1.0 percent expansion in the third quarter. [Reuters]