Retail

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.

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.

Tourism was the main driving force behind the recovery seen in the Greek property market in 2018, according to the annual report issued by the Bank of Greece on Monday.

"Tourism and related domains accounted for the majority of investment capital attracted, offering a boost to local markets and assisting demand for housing and retail spaces in certain areas too," the report read.

Retail prices in Istanbul increased by 0.75 on a monthly basis while wholesale prices rose by 0.71 percent in March from February, data from the Istanbul Chamber of Commerce (İTO) showed on April 1.

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%.

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.

Greek retail sales by volume rose 0.7 percent in December compared to the same month in 2017 after a downwardly revised 2.9 percent increase in November, statistics service ELSTAT said on Thursday.
Retail sales were led higher by apparel, footwear, fuels and supermarkets.

Retail sales volume in Turkey decreased by 9.2 percent in December 2018 compared with the same month of previous year, according to a statement by the Turkish Statistical Institute on Feb. 15.

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).

In January 2019, the total business climate indicator increases by 1.9 percentage points compared to December 2018 amid improvement in industry, construction and the services sector, the National Statistical Institute said.