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Introduction of a new retail index | TheGreekDeal.com
Athens Trade Association
Introduction of a new retail index
A new index of Athens Trade Association shows increased turnover in trade for 2023.
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According to the Athens Trade Association's (ESA) new index, the retail trade's turnover increased significantly in 2023, with some sectors experiencing increases of up to 28%.

Specifically, according to the data presented in the retail sector as a whole, turnover in 2023 amounted to 68.14 billion, an increase of 7.0% compared to the year 2022, which was 63.70 billion.

For retail trade, excluding the motor vehicles, food, and fuel sectors, turnover in 2023 amounted to 24.82 billion, an increase of 5.6% compared to 2022, which was 23.50 billion.Turnover in the motor vehicles and light motor vehicles sectors increased by 28%. As the Association points out, "the new index includes small and large companies (with single- and double-entry bookkeeping), but excludes the fuel, food, and vehicle sectors, which, with their size and uncontrolled fluctuations, disproportionately affect the results announced to date."

It also argues that: Last year started with the best prospects, recording an impressive growth rate of 18% in the first quarter, but as we moved towards the end of the year, things became more and more difficult, ending up with anemic growth of 1.55%. - Companies with non-accounting data, the majority of which are very small, saw their sales fall by 3% in the last quarter of the year for the first time in the year.

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