Spain: Growth in retail sales slows to six-month low in May
June 29, 2015
In May, retail sales rose 2.0% over the same month last year, which was below April’s revised 2.8% increase (previously reported: +2.9% year-on-year). The result, which marked a six-month low, was mainly due to a deceleration in sales of household goods and a decline is sales of food at general shops. On a working-day adjusted basis, retail sales in May expanded 3.4% over the same month last year, which was below April’s 3.9% rise.
Despite’s May’s slowdown, the trend continued to improve as annual average growth in retail sales increased from the previous month’s 2.0% to 2.1%, which marked the highest level since January 2008.