Retail sales in Spain declined more than expected

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Source: Forexpros
© Scanpix/Reuters
National Institute for Statistics reported on Monday that Spain's retail sales decreased more than expected last month. Retail sales fell by 10.9% on a seasonally adjusted basis, compared to a decline of 2.0% in the month before. Economists, however, expected that the last month's reading would be equal to minus 6.2%.
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