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Slowdown in Spanish Retail Sales Growth in November 2024
Spanish retail sales grew 1% year-on-year in November 2024, slower than October's 3.4% and below forecasts, primarily due to decreased food and non-food spending; however, year-to-date growth stands at 1.5%, with Q3 showing strong gains in consumer and tech goods.
Slowdown in Spanish Retail Sales Growth in November 2024
Spanish retail sales grew 1% year-on-year in November 2024, slower than October's 3.4% and below forecasts, primarily due to decreased food and non-food spending; however, year-to-date growth stands at 1.5%, with Q3 showing strong gains in consumer and tech goods.
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