FX.co ★ Spain Retail Sales Expand In November

Spain's retail sales continued to expand in November, data released by the statistical office INE showed on Thursday.

Retail sales grew 5.2 percent on a yearly basis in November, slightly slower than the 5.3 percent increase in the previous month.

On an unadjusted basis, retail sales growth advanced to 5.7 percent from 4.5 percent a month ago.

The annual growth was driven by the 12.9 percent surge in non-food product sales. Food store sales gained only 1.5 percent.

Month-on-month, retail sales logged an increase of 0.9 percent after staying flat a month ago.