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Spain August retail sales rise 0.4% year on year

Source: Reuters - Mon 29th Sep 2014
Spain August retail sales rise 0.4% year on year

Spanish retail sales rose 0.4% year-on-year on a calendar-adjusted basis in August, the biggest increase since May, according to data from the National Statistics Institute(INE) on Monday.

That follows a 0.2% contraction in retail sales in July. Retail sales have shown signs of picking up in 2014 after a three-year period when they mostly fell, as unemployment in Spain soared.

Retail sales had been expected to drop 0.3% year-on-year in August, according to a Reuters poll.

Recommended Reading :

* Spanish prices drop at fastest pace since 2009 credit crunch

* Spain fears deflation

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