Signs of reduced consumption were recorded in April, as it appears that ongoing and widespread inflation has created conditions for a downturn in retail. According to official data from the Hellenic Statistical Authority (ELSTAT), there was a decrease of 6.3% in volume and 1.4% in turnover.
ELSTAT announced the turnover and volume indices in retail trade with base year 2021=100.0 for April 2024, the evolution of which, according to provisional and reduced data to a typical month, is as follows:
The overall turnover index in retail trade in April 2024 decreased by 1.4%, compared with the corresponding index of April 2023, while compared with the corresponding index of March 2024 it dropped by 2.3%.
The overall volume index in retail trade (i.e. turnover in retail trade at constant prices) in April 2024, fell by 6.3%, compared with the corresponding index of April 2023. Additionally, there was a 2.8% decrease compared to March 2024.
The seasonally adjusted overall turnover index in April 2024, compared with the corresponding index of March 2024, decreased by 5.9%.
The seasonally adjusted overall volume index in April 2024, compared with the corresponding index of March 2024, experienced a 5.7% downturn.
