Montenegrin retail sales rise in Q1

Retail

Montenegro's retail sales rose by a real 19.3% year-on-year in the first quarter of 2022, figures released from the Podgorica-based Central Statistical Office (Monstat) showed.

Retail trade of non-food products increased the most, by 44.7% annually in the Q1.

Meanwhile, retail trade of motor fuels rose 43% and sales of cosmetic and pharmaceutical products added 35.1%.

On a quarterly comparison basis, retail trade turnover, however, went down by a real 15% in the first quarter.

Calculated in current prices, retail sales increased 30% on the year and went down by 10.9% quarter-on-quarter in January-March. 

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