KSH: retail sales increased by 2.9 percent in July

The retail sales volume in July increased by 2.9 percent according to raw data, and by 4.0 percent calendar effect adjusted compared to the same period last year – the Central Statistical Office (KSH) announced its second estimate on Friday. The recently published datas are 0.2 percentage points higher than the preliminary figures published in early September.

According to the KSH, the relatively high base effect played the main role in the growth in July.

Compared to the previous month, retail sales in July decreased by 2.8 percentage points according to the raw data and by according to the calendar adjusted data by 1.7 percentage points. (MTI)