Tuesday, May 29, 2012

Spain's retail sales in record fall

Woman walks past closed shop in Madrid

Spanish retail sales dived in April, showing the biggest fall since the figures started being collected in 2003.

Sales fell 9.8% last month compared with the same month last year, after adjusting for calendar differences, according to official figures from the National Statistics Institute.

The fall was much worse than had been expected, and marked the 22nd consecutive month of declining retail sales.

Sales had fallen by 3.8% in March.



Source & Image : BBC

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