Spain: Retail sales growth eases in September
November 2, 2022
Retail sales increased 0.5% in year-on-year terms in September, which followed August's 0.8% increase. The reading largely reflected weaker large chain stores sales. In addition, small chain stores sales contracted.
On a seasonally and calendar adjusted monthly basis, retail sales rose at a more moderate pace of 0.2% in September (August: +0.3% mom). Meanwhile, annual average retail sales growth rose to 0.3% in September (August: +0.2%). This signals an improving trend in the retail trade sector.