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October 20, 2019
BUSINESS

Greek supermarkets expect increase in H2 sales, survey

Greek supermarket executives expect an increase in sales in the second half of 2019 and an improvement of the economic climate in the country, a survey by the Research Institute of Retail Consumer Goods (IELKA) said on Monday.

Fifty-eight pct of executives said they expected sales to rise in the second half of the year, their highest percentage in the last four years, with only 8.0 pct expecting a decline. The executives expect sales to grow by an average 1.5 pct in the July-December 2019 period compared with the same period last year. Fifty-seven pct of executives in the survey said economic conditions remained unchanged, 15 pct see a worsening and 29 pct an improvement. All three readings were up compared with 2017 and 2018.

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