Retail sales slow down their growth in September to 0.5%

MADRID, 31 Oct.

Retail sales slow down their growth in September to 0.5%

MADRID, 31 Oct. (EUROPA PRESS) -

Retail trade registered in September an advance in its sales of 0.5% in relation to the same month of 2021, a rate three tenths lower than that of the previous month, when they increased by 0.8%, as reported by the National Institute on Monday of Statistics (INE).

With the data for September, retail trade sales chained two consecutive months of positive year-on-year rates after the 3.2% drop experienced in July.

Internet retail trade fell 9.5% in September compared to the same month in 2021, with which it has already accumulated eight months of setbacks, four of them with falls of more than 10%.

Eliminating seasonal and calendar effects, retail trade turnover stood at 0.1% in September, the same rate as in August.

As for employment, the sector recorded a year-on-year increase in employment of 2.2% in September, a rate five tenths lower than that of August. With this rebound, employment in retail trade has already accumulated 17 consecutive months of year-on-year increases.

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