Spain May retail sales up 0.5% y-on-y

 

Spanish retail sales rose 0.5% year-on-year on a calendar-adjusted basis in May, National Statistics Institute (INE) reported on Friday, down from a 0.7% increase a month earlier.

Sales have mostly fallen for more than three years on weak consumer spending weakened in the midst of a prolonged recession, although they turned positive in September and November last year and have been in positive territory in three months so far this year.

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