Spain: Retail sales increase in April
Latest reading: Retail sales rose 0.7% in month-on-month seasonally adjusted terms in April, improving from March’s flat reading. Looking at the details of the release, April’s pickup was broad-based, with sales in large chain stores, single retail stores and small chain stores all accelerating.
On an annual basis, retail sales increased 4.0% in April, which was above March’s 3.8% expansion. Accordingly, annual average retail sales growth rose to 2.4% in April (March: +2.3%), which marked an over one-year high.