Spain: Retail sales contract in October

In October, retail sales fell 0.6% over the same month last year. The print contrasted the 2.1% rise tallied in September (previously reported: +2.2% year-on-year), which had marked the largest expansion since March 2010. The deterioration was broad-based; all sub-categories of the index lost ground over the previous month, with household equipment registering the largest decline. On a working-day adjusted basis, retail sales contracted 0.5% over the same month last year (September: +2.1% yoy).

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