Spain: Retail sales slow in October following September's strong expansion
November 28, 2014
In October, retail sales rose 2.1% over the same month last year, which followed September’s revised 2.7% expansion (previously reported: +2.9% year-on-year). September’s print had marked the highest rate since March 2010. The slight deceleration tallied in October mainly reflected lower sales at service stations as well as weaker purchases of food at general shops. On a working-day adjusted basis, retail sales expanded 1.0% over the same month last year in October (September: +0.8% yoy).
Annual average growth in retail sales increased from the previous month’s 0.3% to 0.5% in October, which marked the highest level since April 2008.