Spain: Retail sales pick up pace in March
April 29, 2015
In March, retail sales rose 3.7% over the same month last year, which was above February’s revised 2.5% increase (previously reported: +2.6% year-on-year). February’s print had marked a three-month low. The result was mainly due to an acceleration in the sales of household goods and of food at general shops. In addition, sales of household equipment picked up pace. On a working-day adjusted basis, retail sales in March expanded 2.7% over the same month last year, which matched February’s result.
Annual average growth in retail sales increased from the previous month’s 1.5% to 1.7% in March, which marked the highest level since February 2008.