Spanish Retail Sales Rebound In November

(RTTNews) - Spain's retail sales grew at the fastest pace in six months in November after declining in the previous month, preliminary data from the statistical office INE showed Tuesday.

Retail sales rose a seasonally and calendar-adjusted 4.9 percent year-on-year following a 0.7 percent fall in October. The increase was the strongest since May, when retail sales surged nearly 20 percent.

On a non-adjusted basis, retail sales increased 5.9 percent annually after a 2.5 percent fall in the previous month.

Food sales increased 1.6 percent and non-food product sales rose 7.0 percent.

Excluding sales at service stations, retail sales grew an adjusted 4.7 percent.

Compared to the previous month, retail sales grew a seasonally and calendar-adjusted 5.1 percent after a 0.1 percent drop in October.