KSH: retail sales have increased even more than previously announced

In January, retail sales volume grew by 7.8 percent year-over-year, according to the raw and calendar effect adjusted data, according to the second estimate published by the Central Statistical Office (KSH) on Thursday. The data is 0.3 percentage points higher than the first estimate released on March 5.

The strong growth was caused by a 12.5 percent increase in the sale of non-food commodities including durable consumer goods, instead of the previously reported 11.6 percent.

The sales of furniture and technical items increased by 20.3 percent, computer and other goods by 9.2 percent, and perfumes by 16.0 percent. (MTI)