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Financial News: Spain Retail Sales Growth Strengthens In July

Spain Retail Sales Growth Strengthens In July

08/30/2019 - 07:21:00 (RTTNews)

(RTTNews) - Spain's retail sales growth improved in July after slowing slightly in the previous month, preliminary figures from the statistical office INE showed on Friday.

Retail sales rose a seasonally and calendar-adjusted 3.2 percent year-on-year following a 2.5 percent gain in June. In May, sales increased 2.6 percent.

Food sales grew 3.2 percent and sales of rest of the goods rose 4 percent.

On a non-adjusted basis, retail sales grew 4.7 percent annually in July after a 0.4 percent growth in June.

Month-on-month, retail sales rose a seasonally and calendar-adjusted 0.2 percent in July, same as in the previous month.

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