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Financial News: Spain Retail Sales Growth Slows In December

Spain Retail Sales Growth Slows In December

01/29/2018 - 03:20:00 (RTTNews)

(RTTNews) - Spain's retail sales growth moderated at the end of the year, after accelerating in the previous month, figures from the statistical office INE showed Monday.

Retail sales climbed a seasonally and calendar-adjusted 1.2 percent year-over-year in December, slower than November's 1.9 percent rise, which was revised from a 2.0 percent gain reported earlier.

On an unadjusted basis, retail sales advanced 1.5 percent annually in December, following a 3.2 percent rebound in the prior month.

During the whole year 2017, retail sales grew 1.4 percent compared with 2016. Without adjustment, the index registered an increase of 1.2 percent.

On a monthly basis, retail sales dropped 0.6 percent from November, when it rose by 1.2 percent.

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