Analysts: retail started well in the fourth quarter

By: Trademagazin editor Date: 2021. 12. 06. 11:50

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The higher-than-expected growth in retail sales in October marks an encouraging start to GDP growth in the fourth quarter, with the services sector remaining the only area to make a meaningful positive contribution to growth.

Retailers could pull fourth-quarter GDP

Year-end benefits and holiday purchases, as well as wage increases and government benefits early next year, will ensure continued dynamic growth, analysts who told MTI commented on the latest data released on Friday.

According to a report by the Central Statistical Office (KSH) the volume of retail trade sales increased by 5.7 percent in October after 5.8 percent in September. (MTI)