Retail sales may grow by around 6 percent this year

Retail sales are expected to grow by around 6.0 percent this year, reaching a year-on-year growth rate of around 6.0 percent, and contributing significantly to the rise in gross domestic product (GDP) – analysts told MTI, commenting on the retail sales data of KSH on the first seven months.

According to the first estimate released by the Central Statistical Office (KSH) on Wednesday, retail sales grew by 5.4 percent in July compared to a year before, with calendar-adjusted growth of 5.3 percent. In the first seven months of the year, the volume of retail sales was 6.7 percent higher than in the same period of last year, both raw and calendar-adjusted. (MTI)