Spain: Retail sales growth hits seven-month high in May
Retail sales rose 3.1% in year-on-year terms in May, marking a seven-month high and following the softer 1.9% upturn logged in April. The print largely reflected a strong increase in sales of personal equipment goods.
On a distribution-based system, sales at small and large chain stores, and in department stores picked up compared to April. Meanwhile, purchases at single retail sales rebounded in May.
Annual average retail sales growth rose to 1.0% in May from 0.7% in April, a one-year high.