August 29, 2014 / 9:15 AM / 3 years ago

Greek retail sales rise 3.8 pct y/y in June

ATHENS, Aug 29 (Reuters) - Greek retail sales by volume rose
3.8 percent in June compared to the same month last year, after
a downwardly revised 3.6 percent drop in May, statistics service
ELSTAT said on Friday.
    Greece's international lenders, the European Union and the
International Monetary Fund, expect private consumption to
remain weak this year, despite an expected economic recovery of
0.6 percent, which is seen driven by tourism, investment and
    The country's leading economic think tank sees household
consumption growing by 1 percent this year, helped by hirings
during Greece's bumper summer tourism season. 
    Hit by the country's deep recession and record unemployment,
retail sales declined by about 40 percent in 2009-2013 as a
result of austerity policies imposed under the terms of Greece's
240 billion euro bailout by the EU and the IMF.
    KEY FIGURES           JUNE   MAY   APR    MAR   FEB 
    Retail Sales* by      +3.8  -3.6** +7.1  -1.2   +0.9
    volume y/y
    Retail Sales* by      +0.4  -8.3** +3.8  -3.8   -1.9
    revenue y/y
    * Includes fuels and auto lubricants
    ** revised
    source: ELSTAT

 (Reporting by Renee Maltezou)

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