Greek retail sector keeps the revs up
Greek retail sector keeps the revs up
  Economy  |  Analysis  |  Retail

Greek retail sector keeps the revs up

Turnover of businesses in the sector in July recordrd a 6.6% increase.
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RE+D magazine
24.09.2024

The Greek retail trade is still on upward trend recording a 6.6% increase in turnover of the sector's businesses in the month of July to €4.25 billion compared to €3.99 billion in July 2023.

The Hellenic Statistical Authority (ELSTAT), presents the evolution of the sales/turnover of all classes of activity of the retail trade section, incorporating the most recent data on turnover from Administrative Sources for July 2024. 

For the enterprises in retail trade divisions obliged to double-entry accounting bookkeeping, for which data are available on a monthly basis, the turnover in July 2024 amounted to 4.25 billion euro, recording an increase of 6.6% in comparison with July 2023, when the respective turnover was 3.99 billion euro and an increase of 8.9% in comparison with June 2024, when the respective turnover was 3.91 billion euro. 

For the enterprises in retail trade divisions, excluding vehicles, food and fuel classes1 , obliged to double-entry accounting bookkeeping, for which data are available on a monthly basis, the turnover in July 2024 amounted to 1.22 billion euro, recording an increase of 5.8% in comparison with July 2023, when the respective turnover was 1.15 billion euro and an increase of 11.9% in comparison with June 2024, when the respective turnover was 1.09 billion euro.

For the enterprises in retail trade divisions obliged to double-entry accounting bookkeeping, for which data are available on a monthly basis, the activities that recorded the biggest increase in turnover in July 2024 compared with July 2023 are: 

• Retail sale of watches and jewellery in specialised stores, increase 15.6%.

• Wholesale trade of motor vehicle parts and accessories, increase 14.5%. 

The activities that recorded a decrease in turnover in July 2024 compared with July 2023 are: 

• Retail sale of footwear and leather goods in specialized stores, decrease 26.1%. 

• Retail sale of electrical household appliances in specialized stores, decrease 8.6%. 

The Regions that recorded the biggest increase in turnover in July 2024 compared with July 2023 are: 

• Region of Dytiki Ellada, increase 10.1%. 

• Region of Kentriki Makedonia, increase 9.0%.