Spain Retail Sales Growth Eases In March

1 week ago 6

Spain's retail income maturation moderated successful March aft accelerating successful the erstwhile month, the statistical bureau INE reported connected Friday.

Retail income accrued by a seasonally adjusted 0.6 percent year-over-year successful March, slower than the 1.8 percent summation successful February. Sales person been rising since December 2022.

On an unadjusted basis, retail income declined 1.6 percent from past twelvemonth versus a 4.9 percent summation successful February. In addition, this was the archetypal autumn successful sixteen months.

Month-on-month, retail income dropped 0.5 percent successful March, successful opposition to a 0.5 percent betterment successful the erstwhile month. Both nutrient and non-food income decreased by 1.0 percent and 0.3 percent, respectively.

Data showed that employment successful retail commercialized accrued by 2.2 percent connected a yearly basis.

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