KSH: retail sales increased by 6.7 percent in February

According to the calendar adjusted datas retail sales were 6.7 percent higher in February 2014, than in February 2013 – he Central Statistical Office (KSH) announced on Thursday, on the basis of its second estimate. According to the statement of the National Economy Ministry, consumption is on its eight year peak.

In the first estimate earlier this month a higher food sales growth of 8.4 percent was indicated, but a smaller, 4.4 percent increase was forecasted in February for the sales of non-food products. The fuel usage and the overall retail growth remained unchanged, compared to the first estimate of the Central Statistical Office (KSH).