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2025-10-31 18:05:18
[Greek Retail Sales Rebound Strongly, Domestic Demand Engine Rekindles] ⑴ Greek retail sales volume in August increased by 3.9% year-on-year, a significant acceleration from the 2.1% growth in July, indicating continued strengthening of consumer momentum. ⑵ Retail revenue increased by 5.3% year-on-year, higher than the 3.9% increase in July, reflecting growth driven by both sales volume and price factors. ⑶ Food sales volume increased by 4.6% year-on-year, becoming a key pillar supporting overall retail growth. ⑷ Non-food sales volume (excluding motor fuel) increased significantly by 7.6%, indicating a significant recovery in demand for non-essential consumer goods. ⑸ Motor fuel sales volume decreased by 1.9% year-on-year, the only sub-category to contract. ⑹ Recent trends show that retail sales have maintained positive growth for three consecutive months, a stark contrast to the 5.8% decline in May. ⑺ The current growth trend is a significant improvement from the 5.1% decline in August last year, indicating that the Greek domestic demand market is emerging from its slump.
