Spain: Retail sales slow in June
July 29, 2019
Retail sales rose a mild 0.3% year-on-year in June, following a strong 3.1% upturn logged in May, which had marked a seven-month high. June’s moderation was largely driven a fall in food sales.
On a distribution-based system, sales at small and large chain stores, and in department stores slowed significantly compared to May. Meanwhile, purchases at single retail sales contracted.
Annual average retail sales growth ticked down to 0.9% in June from 1.0% in the previous month.
Author: Javier Colato, Economist