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InstaForex - Official partner of Dragon Racing

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InstaForex - Official partner of Dragon Racing

2016.07.2908:05:00UTC+00Greece PPI Falls At Slower Rate In June

Greece's producer prices decline moderated in June, figures from the Hellenic Statistical Authority showed Friday.

The overall producer price index fell 7.8 percent year-over-year in June, slower than the 9.3 percent decline in May. The measure has been falling since July 2014.

Domestic market producer prices dipped 7.3 percent annually in June and prices in the foreign market plunged by 9.3 percent.

Month-on-month, producer prices slid 0.9 percent in June, following a 1.8 percent increase in the preceding month.

In an another report the statistical office revealed that retail sales declined at a faster pace of 8.0 percent yearly in May, after a 4.4 percent drop a month ago. Sales have been falling since June last year.

On a monthly basis, retail sales slid 1.7 percent from April, when it dropped by 0.8 percent.

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