Spain Retail Sales Growth Improves

Spain's retail sales grew at a faster pace in October, led by increased sales of non-food products, preliminary data from INE showed Wednesday.

Retail sales grew a seasonally and calendar adjusted 1.0 percent year-on-year following a 0.4 percent rise in September.

Food sales decreased 2.8 percent, while sales of non-food products increased 3.8 percent.

On a nonadjusted basis, retail sales rose 1.4 percent annually, this rate was eight tenths above the rate of the previous month.

Compared to the previous month, retail sales grew for a third month in a row, up 0.4 percent after a 0.3 percent rise in September.

Monthly sales at department stores were unchanged, while sales at mall chain stores grew 0.9 percent from the previous month.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Health insurer Humana Inc. reported Wednesday a net loss for the fourth quarter that slightly widened from last year, hurt primarily by charges associated with productivity initiatives, despite 6.6 percent revenue growth. Adjusted earnings for the quarter topped analysts' expectations, while quarterly revenues missed it by a whisker. South Plainfield, New Jersey-based Two Rivers Coffee is recalling its peanut butter single serve hot chocolate pods citing an undeclared peanut allergen, the U.S. Food Drug Administration said. The recall involves peanut butter single serve hot chocolate pods distributed as "Brooklyn Bean Peanut Butter Cup Hot Cocoa", "Pingo Peanut Butter Cookie Hot Chocolate" and ... Shares of Novartis AG were losing around 2 percent in the early morning trading in Switzerland after the drug major reported Wednesday sharply lower profit in its fourth quarter with weak sales as well as the absence of prior year's hefty Roche income. Adjusted earnings, however, topped market estimates, while top line missed their view. Further, the company announced higher dividend...
Follow RTT