2018.07.2707:35:00UTC+00Spain's Retail Sales Recover In June

Spain's retail sales rose slightly in June reversing a drop in May, the statistical office INE said Friday.

Retail sales grew by adjusted 0.1 percent year-on-year in June after easing 0.3 percent in May. Sales were expected to grow 0.3 percent.

On an unadjusted basis, retail sales grew 0.6 percent, in contrast to a 0.1 percent drop a month ago.

Meanwhile, month-on-month, retail sales increased in June underpinned by non-food sales. Retail sales gained 0.4 percent compared to a flat growth in May. This was the first increase in three months.

Food sales rose 0.2 percent and non-food product sales advanced 1.1 percent in June.