Spain: Retail sales moderate in January
March 10, 2015
In January, retail sales rose 4.2% over the same month last year, which was below December’s 5.4% increase. December’s print had marked the highest rate since March 2007. The result was mainly a moderation in the sales of household goods and of food at general shops. On a working-day adjusted basis, retail sales expanded 4.2% over the same month last year in January (December: +6.5% yoy).
Annual average growth in retail sales increased from the previous month’s 0.9% to 1.3% in January, which marked the highest level since February 2008.