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Spain retail sales fall in December

Wed 27th Jan 2010

Retail sales in Spain dropped 0.5% year-on-year in December after the 4.1% decrease in the previous month, Madrid-based National Statistics Institute reported on Wednesday.

Sales were down across the Iberian nation, with the largest declines witnessed in the Balearic Islands, Valencia, Murcia, Madrid and La Rioja.

On a monthly basis, retail sales soared 28.8% in December reversing the 6.9% fall in the preceding month.

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