Spain: Retail sales pick up pace in September
October 30, 2015
In September, retail sales rose 4.4% over the same month last year, which was above August’s revised 3.1% increase (previously reported: +3.2% year-on-year). September’s result marked a nine-month high. The acceleration was partly due to a pick-up in sales of food products and personal equipment. On a seasonal- and calendar-adjusted basis, retail sales in September expanded 4.3% over the same month last year, which was above August’s 3.0% rise.
Meanwhile, the trend continued to improve as annual average growth in retail sales increased from the 3.1% tallied in August to 3.2% in September, thus hitting the highest level since October 2007.