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Spanish retail sales decline 10.2% for December 2012

RBR Staff Writer Published 30 January 2013

Spanish retail sales, at constant prices and on a calendar adjusted basis, declined 10.2% for December 2012, when compared to the corresponding month in 2011.

The decline was sharper than the 7.8% fall registered for November, according to the data released by the country's National Statistics Institute (INE).

The declining sales represent the 30th straight month of falling retail numbers in the country.

Sluggish domestic demand, due to 26% unemployment rate, was further compounded by a hike in sales tax driving the sales numbers further down.

Retail sales, excluding service stations, edged down 10.1% with the food product sales down 5.1% and non-food product sales down 13.9%.
General trade index for the year was down 6.8%, compared to the previous year of 2011.

Each of the four store formats - single retail stores, small chains stores, large chains stores and departmental stores, reported a fall in sales for the month with small chains stores suffering the most at 13.8% negative growth.