Analysts expect a rise in consumption

Retail sales in May rose much higher than expected. Retail sales reached the best result of this year, analysts told MTI, who are expecting strong purchasing power and rising consumption in the coming months.

The Central Statistical Office (KSH) on Wednesday announced that the volume of retail sales grew by 6.0 percent, calendar effect adjusted by 5.4 percent in May, compared to the same period of the previous year, based on the first estimate. (MTI)