![ELSTAT: 3.4% Rise in Retail Trade Turnover in Q1 – 2.9% Drop in March](https://www.ot.gr/wp-content/uploads/2024/05/lianemporio-scaled-1-2048x1366-1.jpg)
According to the latest data from Greece’s statistical authority (ELSTAT), retail businesses saw a 3.4% increase in turnover during the first quarter of 2024, despite strong inflationary pressures and a discount period. However, March saw a significant dip, with turnover declining by 2.9% across the entire retail sector.
The total turnover for the retail sector in the first quarter of 2024 reached 15.69 billion euros, reflecting a 3.4% increase compared to the first quarter of 2023.
Excluding the sectors of vehicles, food, and fuel, retail businesses reported a turnover of 5.35 billion euros in the first quarter of 2024, a 1.6% rise from 5.27 billion euros in the same period of 2023. However, this figure represents a 25.5% decrease from the fourth quarter of 2023.
Quarterly data reveals that the sectors with the highest increase in turnover in the first quarter of 2024 compared to the same period in 2023 were the sales of other motor vehicles, with a 29.3% rise, and retail trade of used goods in stores, with a 26.3% rise.
On the other hand, the sectors with the largest decrease in turnover were retail trade of household electrical appliances in specialized stores, down by 16.9%, and retail trade of audiovisual equipment in specialized stores, down by 13.8%.
Regionally, Thessaly experienced the highest increase in turnover in the first quarter of 2024 compared to the same period in 2023, with a 5.3% rise. Conversely, Epirus saw a 0.9% decline in turnover for the same period.
Source: tovima.com
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![ELSTAT: Building Permits Increased by 40.1% in Greece](https://www.ot.gr/wp-content/uploads/2024/07/oikod1-600x380.png)
ELSTAT: Building Permits Increased by 40.1% in Greece
Focusing on Private Construction Activity during this period, there was a 41.8% increase in building permits nationwide, a 40.2% rise in the area, and a 26.8% expansion in volume
![Greek Economy: Bankers’ Insights on Investments and Reforms](https://www.ot.gr/wp-content/uploads/2024/03/ot_bankers4-600x352.png)
Greek Economy: Bankers’ Insights on Investments and Reforms
He also noted that the Recovery and Resilience Fund has seen over 50% of its funds absorbed, with more than 20% having been directed into the real economy.
![Greece: Airbnb Occupancy Hits 40% in June](https://www.ot.gr/wp-content/uploads/2024/05/airbnb-1-600x400.jpg)
Greece: Airbnb Occupancy Hits 40% in June
This growth, averaging about 20,000 new units per month, pushed the total number of accommodations to 224,860 by June, up from 204,578 the previous year.
![Fraport: Greece’s Regional Airports See 5.9% June Surge](https://www.ot.gr/wp-content/uploads/2024/07/ot_airport_affixeis-1-1-600x352.png)
Fraport: Greece’s Regional Airports See 5.9% June Surge
Overall, during the first half of 2024, Fraport Greece's airports achieved remarkable results, handling more than 12.7 million passengers, a 7.8% increase compared to 2023.
![SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece](https://www.ot.gr/wp-content/uploads/2024/07/ΦΑΡΜΑΚΑ-shutterstock_1467910202-2048x1365-1-600x400.jpg)
SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece
Greece spends 70% less than the European average on pharmaceuticals, and Greek patients face significant challenges accessing pharmaceutical drugs and treatments that are available in the country
![Attica Bank: Merger Process With Pancreta Commences](https://www.ot.gr/wp-content/uploads/2024/07/attica-bank-2048x1288-1-600x377.jpg)
Attica Bank: Merger Process With Pancreta Commences
A relevant announcement said the merger with Pancreta is expected to be completed by mid September
![Crete’s Heraklion Port Concession Deal Approved](https://www.ot.gr/wp-content/uploads/2021/10/heraklion-port2-1-600x369.jpg)
Crete’s Heraklion Port Concession Deal Approved
Owner of Minoan Lines Grimaldi Group acquired a 67% share of the port for a total price of 80 million euros
![Santorini Warning of Cruise Passenger Influx Causes Uproar](https://www.ot.gr/wp-content/uploads/2024/07/santorini1-600x400.jpg)
Santorini Warning of Cruise Passenger Influx Causes Uproar
A Santorini councilman urged locals to stay put and limit their activities during the arrival of cruise ships due to overtourism
![European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF](https://www.ot.gr/wp-content/uploads/2024/04/european_commission_hq-flags_web-3-600x375.jpg)
European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF
The Commission's preliminary assessment of Greece's request, completed on June 14, 2024, was positive, reflecting Greece's successful implementation of its recovery and resilience plan
![Greek Tourism: Projects Shaping the Landscape](https://www.ot.gr/wp-content/uploads/2023/08/Mandarin-Oriental-Costa-Navarino-Ormos-Beach-Club-1024x767-1-600x449.jpg)
Greek Tourism: Projects Shaping the Landscape
In Vonitsa, Aetolia-Acarnania, the Varko Bay resort is emerging as the first ultra-luxury retreat by Banyan Tree in Europe