February retail sales fall 3.3 pct led by department stores

Greek retail sales by volume fell 3.3 percent in February compared to the same month last year after an upwardly revised 3.2 percent decline in January, statistics service ELSTAT said on Thursday.
Retail sales were led lower by department stores, supermarkets, cosmetics and pharmaceutical products.

Industrial Production Index in Bulgaria Rises 1.5% MoM in February

In February 2019, the industrial production index rose 1.5% month-on-month, while compared with the same month of 2018, it climbed 6.6%, the National Statistical Institute (NSI) said. On annual basis, production grew 16.3% in the mining and quarrying industry and 9.1% in manufacturing, while power, gas, steam and air conditioning supply registered a 5.2% decrease.

Uncertain Economic Environment and Shortage of Workers Make Business Difficult in Bulgaria

In March 2019, the overall business climate indicator remained roughly the same as in February, as a business environment improvement was recorded only in retail. This shows the regular business surveys of the National Statistical Institute.

Industrial Production in Bulgaria up 3.2% in January

In January 2019, the industrial production index rose 3.2% month-on-month and 2.8% compared with the first month of 2018, the National Statistical Institute (NSI) said. On annual basis, the mining and quarrying industry registered a 16.4% growth, followed by a 2.9% rise in manufacturing, while power, gas, steam and air conditioning supply shrank by 1.1%.

E-shopping revenues seen rising in 2019

The total revenue of e-commerce in Greece in 2019 is expected to reach 4 billion euros against last year's 3.7 billion, according to the Greek e-Commerce Association (GRECA).
More than 7,000 businesses in Greece have digital outlets and online users are estimated at 3.8 million, the association's president Katerina Fraidaki told a press conference in Athens on Wednesday.

Most retailers see turnover drop due to glut of offers

Seven out of every 10 retailers polled by the institute of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) said that they saw a drop in turnover over this year's winter sales period, from mid-January to the end of February, compared to last year.

Only 8 percent of enterprises reported an increase in turnover this year.

Supermarkets expect small increase in sales

Supermarket sector officials are anticipating an average turnover increase of 0.5 percent year-on-year over the first six months of 2019, based on developments in the retail domain and expectations of capitalization in sales and profit terms following the mergers and acquisitions of recent years, according to a survey by the Research Institute of Retail Consumer Goods (IELKA).