Spain | The rise in retail sales was moderate in 1Q16 despite the upturn in March

Once corrected for the stationary variations of each month, retail sales grew in March by 0.5% in respect to February, which was two percentage points more than expected, boosted by the sales in durable goods sales. The rise in sales was slowed by up to 0,8% in the first quarter and anticipates a lower level of dynamism in private consumption.

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