ESEE disputes ELSTAT retail turnover data

Retail commerce saw its turnover drop by just 7.9% in November 2020, compared to a year earlier, a decline that appears small given that Greece entered its second lockdown on November 7. However, this is due to the significant increase in sales at supermarkets and other food stores.

Sector-specific figures reveal significant differences in retail, with supermarkets showing double-digit growth rates while the turnover of apparel stores fell by more than 50% - just as online commerce soared 60.5%.

Friday's announcement by the Hellenic Statistical Authority (ELSTAT) on the general index of retail commerce turnover in November spurred an intervention by the Commerce and Services Institute of the Hellenic Confederation of Commerce and Enterprises (INEMY ESEE), which accused ELSTAT of underestimating the turnover drop in apparel. INEMY ESEE claims the decline was greater...

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