Spain retail sales declined at a faster pace in November, data released by the statistical office INE showed on Monday.
Retail sales decreased 4.3 percent on a yearly basis in November, which was bigger than the 3 percent decline logged in October.
Similarly, on an unadjusted basis, the annual decline in retail sales deepened to 5.8 percent from 2.3 percent a month ago.
Month-on-month, retail sales dropped 0.8 percent, in contrast to a 0.1 percent rise in October. The monthly fall was driven by weak demand for non-food products.
Food sales increased 0.2 percent, while non-food sales declined 1.8 percent from a month ago.
The material has been provided by InstaForex Company – www.instaforex.com
- Treasuries Move Sharply Lower Following Stronger Than Expected Jobs Data - February 3, 2023
- Crude Oil Futures Settle Sharply Lower - February 3, 2023
- Gold Futures Settle Sharply Lower As Dollar Rises After Strong Jobs Data - February 3, 2023