Spain: Retail sales growth hits nine-month high in July
August 30, 2019
Retail sales rose a strong 4.7% year-on-year in July, following the revised 0.4% increase logged in June (previously reported: +0.3% year-on-year) and marking a nine-month high. July’s pick-up largely reflected a solid rebound in sales of food and household equipment goods.
On a distribution-based system, purchases at small and large chain as well as department stores sped up compared to June, while sales at single retail stores recovered in July.
Annual average retail sales growth climbed to 1.4% in July from 0.9% in the previous month.
Author: Javier Colato, Economist