Lower Prices Get Spaniards Shopping as December Retail Surges
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Spanish retail sales jumped the most in more than a decade in December as cheaper fuel prices and Christmas promotions got Spaniards shopping over the holidays.
Seasonally adjusted retail sales climbed 6.5 percent in December from a year earlier, the biggest jump since 2003, the National Statistics Institute said in Madrid on Thursday. Sales excluding gas stations rose 4.7 percent while large chain-store sales added 6.9 percent from a year earlier. All Spanish regions registered an increase in retail sales in December, according to the report.