Analysts are surprised by the retail data

The 2.6 percent modest growth of retail sales is a negative surprise for the analysts, who expected 4.3 percent. The ten-month average is 4.8 percent.

According to the report of the Central Statistical Office (KSH) released on Monday, the volume of retail sales increased by 2.6 percent in October, compared to the same period of last year, both according to the raw and calendar effect adjusted data. Retail sales are increasing since July 2013 for a consecutive 40 months on year over year comparision, but since January the lowest growth occured in October. (MTI)