Spain | The rise in retail sales was moderate in 1Q16 despite the upturn in March

Summary

Once corrected for the stationary variations of each month, retail sales grew in March by 0.5% in respect to February, which was two percentage points more than expected, boosted by the sales in durable goods sales. The rise in sales was slowed by up to 0,8% in the first quarter and anticipates a lower level of dynamism in private consumption.

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