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Financial News: Spain Retail Sales Growth Eases In June

Spain Retail Sales Growth Eases In June

07/29/2019 - 04:04:00 (RTTNews)

(RTTNews) - Spain retail sales grew at a slower pace in June, data from the statistical office INE showed Monday.

Retail sales expanded 2.4 percent year-on-year in June, slower than the 2.6 percent increase in May.

At the same time, calendar-adjusted retail sales growth eased markedly to 0.3 percent annually from 3.1 percent in the previous month.

On a monthly basis, retail sales grew only 0.1 percent in June versus 0.8 percent increase in May. The slower growth was driven by a 0.1 percent drop in food sales, and non-food sales gained only 0.2 percent in June.

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