Spanish retail sales increased 3.2 percent in September on a seasonally-adjusted basis from a year earlier, with growth slowing slightly from a revised 3.3 percent rise in August, the National Statistics Institute (INE) said on Monday.
Low inflation and falling unemployment have fuelled a consumer spending boom in Spain, helping to keep growth on track even during a 10-month political gridlock that ended at the weekend.
Spanish conservative leader Mariano Rajoy is due to be sworn in for his second term as prime minister later on Monday.
Risk Events Galore for the Markets This Week
Trump Declares Clinton “Guilty” in Email Probe
Oil Falls on OPEC Production Deal Doubts
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.