Spain Retail Sales Growth Accelerates

(RTTNews) - Spain's retail sales logged a stronger growth in January, data from the statistical office INE showed Wednesday.

Retail sales increased 4.0 percent on a yearly basis in January after climbing 2.8 percent in December.

On an unadjusted basis, retail sales growth slowed to 3.7 percent from 4.7 percent in the previous month.

Month-on-month, retail sales edged up by adjusted 0.1 percent, reversing December's 0.9 percent decrease. Food sales climbed 0.5 percent and non-food product sales moved up 0.3 percent in January, data showed.