KSH: retail sales increased by 1 percent in February

The volume of turnover in retail stores, according to the raw data increased by 1.0 percent, while calendar effect adjusted increased by 1.2 percent in February, compared to the same period of last year – the Central Statistical Office (KSH) announced its first estimates on Tuesday.

The KSH explained the slowing effect in consumption with the high base of last February after the 4.8 percent growth in January and the 3.8 percent calendar effect corrected growth. In February 2016, according to raw data a 7.8 percent increase occured in retail sales, while calendar effect adjusted a 7.6 percent increase occured in annual comparison. (MTI)