ITM: the growth of the wealth of households that drives retail

Thanks to the increase in the wealth of households and the increase in retail sales, the increasing revenues stimulate investment – the Deputy Minister of State of the Ministry of Innovation and Technology (ITM) told M1 news channel on Wednesday, referring to the latest retail data.

The Central Statistical Office (KSH) announced on Wednesday that retail sales grew by 5.4 percent in July, compared to a year before. In the first seven months of the year, the volume of retail sales grew by 6.7 percent year-on-year. (MTI)