Retail sales down 4.5% in August

in News · 04-10-2020 16:00:00 · 0 Comments

Retail sales fell 4.5 percent in August, a sharper drop than the 3 percent drop in July, the National Statistics Institute (INE) announced.

According to the INE, the year-on-year decline in the retail trade turnover index was two percentage points lower than in the previous month, with the non-food products index down 6.3 (-5.4 percent in July) and the food products index contracting 2.2 percent, accentuating the 0.2 percent drop in the previous month.

The employment, wages and hours worked indices showed year-on-year rates of change of -3.3 percent, -0.2 percent and -4.3 percent respectively (changes of -3.7 percent, 0.0 percent and -7.2 percent in July, in the same order), indicates the INE.


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