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Spain retail sales rise 1.5% y/y in April – Metro US

Spain retail sales rise 1.5% y/y in April

A shopper holds several bags after coming out of a
A shopper holds several bags after coming out of a clothing store in central Madrid

(Reuters) – Spanish retail sales rose 1.5% in April from a year earlier on a seasonally and calendar-adjusted basis, after falling 4.1% in March, the National Statistics Institute (INE) said on Friday.

The growth compared with a 1.9% contraction expected by economists polled by Reuters.

The March figure was revised from a previous 4.2% contraction released last month, INE said.

(This story corrects paragraph 2 to show Reuters poll expected a 1.9% contraction, not expansion)

(Reporting by Joao Manuel Mauricio in Gdansk, editing by Inti Landauro)

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