Analysts: the growth of retail sales may accelerate further

Analysts told MTI that they expect a further increase in retail sales, due to the significant increase in real wages and employment growth.

According to the first estimates of the Central Statistical Office (KSH) released on Friday, the retail sales in November exceeded last year’s figures by 4.7 percent both according to the raw and calendar effects adjusted data. In the first eleven months of 2016 retail sales also increased by 4.7 percent – according to the calendar adjusted data. (MTI)