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Financial News: Greece Producer Prices Decline Slows, Retail Sales Fall

Greece Producer Prices Decline Slows, Retail Sales Fall

09/30/2020 - 09:08:00 (RTTNews)

(RTTNews) - Greece producer prices declined at a softer pace in August, data from the Hellenic Statistical Authority showed on Wednesday.

The producer prices index declined 6.6 percent year-on-year in August, following a 7.9 percent fall in July.

On an annual basis, producer prices in the domestic market and non-domestic market decreased by 4.1 percent and 14.3 percent, respectively, in August.

On a monthly basis, producer prices fell 0.2 percent in August, after a 0.8 percent increase in the prior month.

Separate data from the statistical office showed that the retail sales declined 3.0 percent year-on-year in July, following a 3.3 percent decrease in June

On a monthly basis, retail sales declined 1.1 percent in July, after a 2.2 percent rise in the preceding month.

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