Spain: Retail sales improve in April
May 27, 2016
In April, retail sales rose 6.4% over the same month last year, which was above March’s 4.2% increase. The result came mainly on the back of increasing sales in services. On a seasonal- and calendar-adjusted basis, retail sales in April expanded 4.2% over the same month of the previous year, which was above March’s 4.3% rise.
Meanwhile, the annual average growth in retail sales increased from 3.8% in March to 4.1% in April, thus hitting the highest reading since November 2002.
Author: Dirina Mançellari, Senior Economist