Key insights
- Spanish retail sales growth slowed to 0.8% in April, down from 4.1% in March. This indicates a potential weakening in consumer spending in Spain, which could have a minor negative impact on overall European economic growth and indirectly influence US equities through global economic sentiment.
Investing.com -- Spanish retail sales increased 0.8% in April compared to the same month last year on a calendar-adjusted basis and excluding inflation effects, according to data released by the National Statistics Institute on Thursday.
The figure represents a slowdown from March, when retail sales grew 4.1% year-on-year.
The National Statistics Institute provided the calendar-adjusted data, which accounts for differences in the number of trading days between periods.
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