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Spanish Retail Sales Drop In October 75 days ago
(RTTNews) - Retail sales in Spain dropped 3.9% year-on-year in October, the Madrid based National Statistics Institute reported on Thursday. Economists had expected a 2.4% decrease. Adjusting for calendar effects, total retail sales slumped 2.7% compared with October 2008.
Excluding sales at service stations, the retail sales index dropped 3% annually. Sales at supermarkets were down 3.1%. Further, the statistical office said that employment in the retail sector decreased by 3.9% in October.
Region wise, sales were down across the Iberian nation excepting Castilla y Leon. The largest declines were witnessed in Castilla La Mancha and Valencia.
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