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Spain : Retail Snapshot - 1Q 2013

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MarketBeat Retail Snapshot - 1Q 2013

According to the Instituto Nacional de Estadistica (INE), Spanish GDP fell by 0.8% quarter-on-quarter in Q4, while unemployment climbed a further percentage point to 26.02% over the same period. Retail sales volumes (excluding service stations) decreased by 10.2% year-on-year in February, following -9.1% year-on-year decline in January and -10.1% fall in December; clearly the retail trading environment continues to be extremely challenging.

Source : Cushman & Wakefield

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Keywords : Cushman & Wakefield