![Retail Sector: Turnover Skyrockets by 10.3% in Jan. 2024](https://www.ot.gr/wp-content/uploads/2023/04/lianemporio-2.jpg)
According to ELSTAT (Hellenic Statistical Authority) the turnover in retail trade recorded a significant increase of 10.3% in January.
Retail turnover in January 2024 for businesses required to keep duplicate books reached 3.32 billion euros, up by 10.3% from January 2023’s 3.01 billion euros but down by 18.4% from December 2023’s 4.07 billion euros, according to ELSTAT.
In 2023, the leading sectors by annual revenue were:
1. Food, beverage, or tobacco stores (26.8%)
2. Motor vehicle fuel sales (11.7%)
3. Motor vehicle and motorcycle sales (11.6%)
4. Pharmaceutical product stores (6.6%)
5. Clothing stores (5.1%)
In January 2024, sectors with the most significant turnover growth compared to January 2023 were:
• Alternative motor vehicle sales surged by 26.8%.
• Watches and jewelry sales in specialized stores increased by 21.5%.
Sectors experiencing the most substantial turnover decline in January 2024 versus January 2023 were:
• Household electrical appliance sales dropped by 18.2%.
• Audiovisual equipment sales declined by 12.8%.
Regionally, the most significant turnover increases in January 2024 compared to January 2023 occurred in:
• Attica Region, with a rise of 10.6%.
• Western Greece Region, which experienced a 10.3% increase.
Source: tovima.com
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