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Spain's April Retail Sales Decline At Faster Pace

5/29/2012 3:22 AM ET

Spain's retail sales declined by 11.3 percent year-on-year in April after logging a 4 percent drop in March, the statistical office INE said Tuesday.

On a calendar adjusted basis, sales were down 9.8 percent, sharper than the 3.8 percent fall seen in the previous month.

Food product sales dipped 6.7 percent, while non-food sales plunged 14.7 percent from the previous year.

by RTT Staff Writer

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