Spanish retail sales fell 9.8 percent in April over the previous month, the biggest monthly drop since the statistical series began in 2003, the national statistics institute said Tuesday.
Retail sales fell 3.8 percent in March as Spain, which is struggling with an unemployment rate of 24.4 percent, fell back into recession in the first quarter.
The retail sales figure for April was down 11.3 percent from the same month last year, compared with a 4.0 percent annual drop in March, the statistics institute said in a statement.
It blamed the sharp drop in retail sales on the economic contraction, government austerity measures and higher taxes which have left consumers with less money to spend.
The Spanish government forecasts the economy will shrink 1.7 percent this year as it continues to feel the effects of the collapse of a property boom in 2008 before expanding 0.2 percent next year.
It has slashed spending and raised taxes as it struggles to convince investors that it can slash the public deficit to within a European Union limit of 3.0 percent of GDP in 2013 from 8.9 percent last year.
© Copyright AFP Agence France-Presse GmbH - All rights reserved. This material may not be published, broadcast, rewritten or distributed. All reproduction or redistribution is expressly forbidden without the prior written agreement of AFP.
KATALOG FIRM W INTERNECIE
Ostatnio Dodane
Ogłoszenia Dodaj ogłoszenie
Mieszkanie, Wrocław Centrum 3 pokoje Trzypokojowe mieszkanie znajduje się w centrum miasta, dzielnica Wrocł Lokal - Wynajmę
Biurko dla firmy wynajmę Biurko do wynajęcia dla małego biznesu (walk-in) w Passaic, NJ lub na Nieruchomość - USA
Floryda. Do wynajęcia 3 sypialniowy "Key West Style" dom z basenem i t Do wynajecia 3 sypialniowy "Key West Style" dom z basenem i unikalnym tr Nieruchomość - USA
OKAZJA! Apartament na 7. piętrze -Floryda Słoneczny umeblowany w pełni wyposażony apartament na siódmym piętr Nieruchomość - USA
Agent Nieruchomosci w Chicago Karolina Bak Agent SRS,SFR,RENE 2015 West Fullerton Avenue, Chicago, Ill Nieruchomość - USA
Polski Sklep na Sprzedaż w New Jersey