March 29, 2013 / 10:12 AM / in 5 years

TABLE-Greek January retail sales slump 16.4 pct y/y

ATHENS, March 29 (Reuters) - Greek retail sales by volume slumped by 16.4 percent year-on-year in January after a revised 8.3 percent drop in the previous month, statistics service (ELSTAT) data showed on Friday.

Austerity measures imposed by the debt-laden country’s foreign lenders have hurt private consumption, the main driver of its economy.

Retail sales volume dropped 12 percent in 2012, bringing total contraction in 2009-2012 to 34 percent. **********************************************************

KEY FIGURES JAN DEC NOV OCT

Retail sales*

by volume (y/y) -16.4 -8.3** -16.7 -18.1

Retail sales*

by revenue (y/y) -16.2 -7.8** -16.5 -17.1

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* Includes fuels and auto lubricants

** revised

source: ELSTAT

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