Page 19 - bne IntelliNews Georgia country report October 2017

4.4.2 Retail sector dynamics
Retail sales in Georgia increased by 14% y/y in the second quarter of 2017, compared to a rise of 19.5% in the first quarter, according to CEIC data. In 2016, retail turnover totalled GEL28,283.3mn, an increase of 8.3% y/y.
The largest sectors of the economy - retail trade and manufacturing - increased by modest rates of 3.6% and 1.4% y/y, respectively, in 2016. Retail sales, which had been growing at a strong double-digit pace for several years, grew by only 8-9% in 2015-16 as wage growth slowed and unemployment rose. Retail sales y/y in Georgia averaged 16.4% from 2000 to 2017.
19 GEORGIA Country Report October 2017 www.intellinews.com