Spain: Retail sales record 2nd consecutive increase in April
May 28, 2014
In April, retail sales added 0.1% over the same month last year, which followed the revised 0.5% increase tallied in March (previously reported: +0.6% year-on-year) and marked the second consecutive monthly expansion. April’s improvement mostly reflects a healthy expansion in household goods. On a working-day adjusted basis, retail sales expanded 0.7% over the same month last year (March: -0.5% yoy), which represented the highest rate since November 2013.
Annual average variation in retail sales improved from minus 1.5% in March to minus 1.2% in April, marking the highest level since May 2008.