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Posted 1 hour ago
Spain Retail Sales Fall from -1.1% to -1.6% in September
Spain's year-on-year retail sales worsened to -1.6% from -1.1%, signalling weakening household demand. Seasonally adjusted sales also deteriorated to -1.4% from -0.4%. This follows rising unemployment and feeds into Eurozone inflation expectations ahead of today's ECB decision and policy statement.
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1 hour ago
Spain Retail Sales Fall to -1.4% Year-on-Year in October
Spanish retail sales deteriorated to -1.4% YoY from -0.4% previously, signalling weakening consumer demand across the Eurozone's fourth-largest economy. This deepens demand-side pressure on EUR just as the ECB prepares its monetary policy statement today; combined with rising unemployment, it reinforces recession concerns and may influence the bank's inflation outlook.
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