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Spain's Retail Sales Continue To Decline

3/14/2013 4:21 AM ET

Spain's retail sales dropped by seasonally adjusted 10.2 percent in January from the previous year, the statistical office INE reported Thursday. The annual decline follows a 11.4 percent decrease in December.

On an unadjusted basis, sales eased at a slower pace of 9 percent year-on-year in January, after falling 10.9 percent in the prior month.

Food sales were down 5 percent, while non-food product sales plunged 11.6 percent in January.

by RTT Staff Writer

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