Spain: Retail sales pick up steam in July
August 28, 2015
In July, retail sales rose 4.2% over the same month last year, which was above June’s 3.8% increase. July’s result marked a seven-month high. July’s figure was due to an almost across-the-board improvement in the index. Only sales of food products slowed compared to the previous month. On a working-day adjusted basis, retail sales in July expanded 4.2% over the same month last year, which was above June’s 2.1% rise.
As a result of July’s reading, the trend continued to improve as annual average growth in retail sales increased from the June’s 2.3% to 2.7%, which marked the highest level since November 2007.