Spain: Retail sales lose steam in January
March 10, 2016
In January, retail sales rose 2.0% over the same month of the previous year, which was below December’s 3.2% increase. The result came on the back of falling sales in services as well as food and beverages. On a seasonal- and calendar-adjusted basis, retail sales in January expanded 3.6% over the same month of the previous year, which was above December’s 2.3% rise.
Meanwhile, the trend continued to point downward as annual average growth in retail sales decreased from the 3.6% tallied in December to 3.4% in December.