Spain retail sales jump 1.9% in November
Spain retail sales rose 1.9% year-on-year on a calendar-adjusted basis in November, National Statistics Institute (INE) reported on Monday, after registering a revised fall of 0.3% in October. Retail sales had been falling every month for three years until September, when they rose due to residual effects from the impact of a rise in valueadded tax (VAT) in September 2012. Sales of food, personal items and household items all rose in November compared with the same month last year, and all kinds of retailers, from small chains to large-format stores, saw stronger sales, INE reported. Consumer confidence hit its highest level in November since late 2011, according to a poll by the state-run polling firm CIS.