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27.06.2024 10:14:26

Spain Retail Sales Post Slower Growth In May

(RTTNews) - Spain's retail sales posted a slower growth in May, data released by the statistical office INE showed on Thursday.

Retail sales increased 0.2 percent on a yearly basis, slightly weaker than the 0.3 percent increase seen in April.

On an unadjusted basis, retail sales growth eased notably to 0.4 percent from 2.8 percent.

Month-on-month, retail sales logged a 0.6 percent fall, in contrast to the 0.8 percent gain in April.

Food sales decreased 0.8 percent on month and non-food product sales were down 0.3 percent.

Further, data showed that employment in retail trade increased 1.7 percent in May from the same period last year.