Spain: Retail sales lose steam in April
May 28, 2015
In April, retail sales rose 2.9% over the same month last year, which was below March’s revised 4.0% increase (previously reported: +3.7% year-on-year). The result was mainly due to a deceleration in the sales of household goods and of food at general shops. In addition, sales of household equipment lost steam compared to the previous month. On a working-day adjusted basis, retail sales in April expanded 4.3% over the same month last year, which was above March’s 3.1% rise.
The trend continued to improve as annual average growth in retail sales increased from the previous month’s 1.7% in March to 2.0% in April, which marked the highest level since February 2008.