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Spain: Mixed results for the retail sales index.

Publication: Market Europe
Publication Date: 01-JUL-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The graph above raises more questions about Spanish consumer spending than it answers. Clearly, the medium term trend of the rate of growth in Spain's retail sales index (the trend line is in yellow, the index itself is plotted in dark blue) is up.

The upward slope is modest to be sure-without the trend line, the rate of increase looks almost flat-but the fact that the trend persists over 28 months, and considering the volatility of retail sales, it is more likely...

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