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According to the Instituto Nacional de Estadistica (INE), Spanish GDP fell by 0.5% quarter-on-quarter in Q1, however on a year-on-year basis growth has increased by 2.0%. Employment levels continue to decline however with Q1 recording a 4.5% year-on-year decline. Retail sales volumes (excluding service stations) illustrate that the retail environment remains difficult; sales decreased by 4.7% yearon-yearin June, following -2.9% year-on-year decline in May and - 11.3% fall in April.
Source : Cushman & Wakefield
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