Spain: Retail sales dip in March
Latest reading: Retail sales fell 0.2% in month-on-month seasonally adjusted terms in March, which contrasted February’s 1.3% increase. The weakening was partly driven by a deterioration in large chain stores sales. In addition, single retail stores sales fell.
On an annual basis, retail sales grew 3.6% in March, matching February’s expansion. Meanwhile, annual average retail sales growth rose to 2.3% in March (February: +1.9%), which marked an over one-year high.