FX.co ★ Spanish Retail Sales Experience a Sharp Slowdown in January 2024

Spain experienced a notable slowdown in retail sales in January 2024 compared to the previous month. According to the latest data released on March 11, 2024, the current indicator for Spanish retail sales reached 0.3%, a significant decrease from the previous indicator of 2.7% in December 2023. The year-over-year comparison shows a challenging scenario for the retail sector in Spain, as consumers seem to have reduced their spending habits in January 2024 compared to the same month a year ago. This decline in retail sales could have a considerable impact on the overall economic performance of the country, indicating potential challenges ahead for the Spanish economy.