Spain re­tail sales jump 1.9% in Novem­ber

The Financial Express - - INTERNATIONAL -

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.

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