Greek retail sales up 7.1 pct y/y in October

Greek retail sales by volume rose 7.1 percent in October compared to the same month last year after an downwardly revised 5.0 percent increase in September, statistics service ELSTAT said on Tuesday.

Retail sales were led higher by purchases of medicines and cosmetics, followed by stationery, the data showed.

Greece’s economy continued to recover in the third quarter, driven by net exports, but its expansion slowed from the second quarter amid weaker consumer spending and investments. [Reuters]