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Greece : Retail Snapshot - Q2 2013

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Greece : Retail Snapshot - Q2 2013

Domestic demand and investment continue to contract sharply in 2013 with GDP falling 5.6% quarter -on-quarter compared to Q4 according to EL.STAT. Similarly retail figures continue to decline, with April recording a 13.5% decrease in sales volumes (excl. Automotive fuel) compared to the same month the previous year. Unemployment levels for April were 26.9%, down slightly from the beginning of the year (27.2%), but 3.8% higher than the same month in 2012.

Source : Cushman & Wakefield

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