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Spanish retail sales up in January: INE

RBR Staff Writer Published 14 March 2014

Spain's retail sales increased unexpectedly in January 2014 after declining at the end of 2013, according to the data released by the statistical office INE.

Retail sales

Retail sales climbed 2.4%, after adjusting the calendar and seasonal effects, in January 2014, compared to a 3.8% drop in December.

The general index, not including service stations, registered a monthly rate of 0.8%. During the period, food increased by 4.2% and Non-food products climbed 0.8%. All non-food products recorded positive monthly rates.

All distribution classes increased their sales in January, as against the previous month. Among all, large chain stores registered the greatest monthly increase, up by 2.4%.

Year-on-year, retail sales increased 0.5% in January, reversing the 1% rise posted in December, the agency said.

The general index, not including service stations, and after adjusting the calendar and seasonal effects, registered an annual change of 0.7% in January. Food increased by 1.9%, compared to the same period last year, while non-food products did so by 0.7%.

In January, eight Autonomous Communities increased their sales, as compared with the same month of 2013. Among them, Canarias and Illes Balears registered the greatest increases.

In contrast, Aragón and Comunidad de Madrid registered the greatest decreases.

Image: Spanish retail sales up in January. Photo: Courtesy of FreeDigitalPhotos.net/Ambro.