Spain Retail Sales Fall At Faster Pace In November
Spain retail sales declined at a faster pace in November, data released by the statistical office INE showed on Monday.
Retail sales decreased 4.3 percent on a yearly basis in November, which was bigger than the 3 percent decline logged in October.
Similarly, on an unadjusted basis, the annual decline in retail sales deepened to 5.8 percent from 2.3 percent a month ago.
Month-on-month, retail sales dropped 0.8 percent, in contrast to a 0.1 percent rise in October. The monthly fall was driven by weak demand for non-food products.
Food sales increased 0.2 percent, while non-food sales declined 1.8 percent from a month ago.
The material has been provided by InstaForex Company – www.instaforex.com