Spain Grocery Spending Jumps as Consumers Boost Recovery: ChartBy
The amount spent by Spanish households on groceries and household goods grew by the most since 2008 last year, taking the total to 71 billion euros ($79 billion) according to data compiled by Nielsen. The company cited faster job creation, improving consumer confidence, lower oil prices and falling mortgage rates for the increase. Initially led by exports, Spanish consumers are now the major driving force behind the nation’s recovery.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.