Spain: Retail sales fell to five-month low in July
August 29, 2014
In July, retail sales inched down 0.3% over the same month last year, which followed the flat reading tallied in June. The print marked the lowest rate in five months. July’s deterioration mostly reflected a decline in sales at general merchandise stores, excluding service stations. On a working-day adjusted basis, retail sales declined 0.5% over the same month last year (June: +0.2% year-on-year).
Annual average variation in retail sales improved from minus 0.2% in June to minus 0.1% in July, marking the highest level since April 2008.