Retail Sales in Spain Show Promising Growth

In a recent report released by Spain's National Statistics Institute on Monday, it was revealed that calendar and seasonally adjusted retail sales in Spain experienced a significant increase of 3.6% in March compared to the previous month. This marks a positive turn in the country's economic indicators.

Sector-wise Performance

Delving deeper into the numbers, food retail sales saw a modest growth of 0.5%, while other sectors faced a slight decline of 0.7% on a monthly basis. However, the overall trend remains optimistic.

Annual Growth Highlights

On an annual basis, the growth story continues with retail sales surging by 3.6%. In nominal terms, this translates to a 3.7% increase year-over-year, showcasing a robust recovery and consumer confidence in the Spanish market.