Analysts: the increase in retail turnover exceeded expectations

The growth in retail trade in August was higher than the market expectations. It could be a good signal for the third quarter of GDP as well – market analysts commented the most recent data released by KSH on Wednesday.

According to the first estimate of the Central Statistical Office (KSH) published on Wednesday, retail sales grew by 6.3 percent in August, and calendar effect adjusted were 6.8 percent higher, compared to the same period of last year, after the 5.4 and 5.3 percent growth of July. In the first eight months of the year, the growth in retail sales was 6.6 percent, compared to the same period of last year. (MTI)