Spain: Retail sales record 3rd consecutive increase in May
June 27, 2014
In May, retail sales added 0.8% over the same month last year, which followed the 0.1% increase tallied in April. The print marked the third consecutive monthly expansion and the highest rate in six months. May’s improvement mostly reflects a healthy expansion in household goods. On a working-day adjusted basis, retail sales expanded 0.5% over the same month last year (April: +0.7% year-on-year).
Annual average variation in retail sales improved from minus 1.2% in April to minus 0.8% in May, marking the highest level since May 2008.