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Spanish retail sales rise 4.9% on year in July

Source: Reuters - Sat 27th Aug 2016
Spanish retail sales rise 4.9% on year in July

Spanish retail sales rose 4.9% in July in seasonally adjusted terms from a year earlier, the National Statistics Institute said on Friday, down from a revised 5.7% a month earlier.

The Spanish economy has been largely unaffected by political uncertainty despite eight months without a functioning government after two inconclusive elections.

The economy grew strongly in the second quarter, official data showed on Thursday, as consumer spending stayed robust and demand for exports rose.

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* Spanish economy powers ahead as politicians dither

* Spain poised to grow 2.9% in 2016

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