2021.11.3011:53:00UTC+00Spain Retail Sales Decline At Faster Pace

Spain retail sales declined at a faster pace in October, the statistical office INE said on Tuesday.

Retail sales dropped by 0.7 percent year-on-year in October, following a 0.1 percent fall in September.

On an unadjusted basis, retail sales slid 2.5 percent annually, in contrast to the 0.2 percent rise a month ago.

Data showed that food sales decreased 0.6 percent, while non-food product sales logged a bigger decline of 3.2 percent.

On a monthly basis, retail sales dropped 0.1 percent, reversing a 0.3 percent rise in September.