Retail figures fall in Spain for first time in three years following Catalunya crisis

LAST UPDATED: 1 Dec, 2017 @ 16:27
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SPANISH retail sales fell for the first time in over three years in October, with sales in Catalonia dropping sharply after its independence referendum.

The vote prompted a standoff with the central government, which then took control of the region.


The crisis hurt many of Catalonia’s economic sectors in October, with car sales, job creation and hotel-stays all underperforming the rest of the country.

Almost 3,000 companies have moved their legal headquarters from the region since the vote.


Spanish retail sales fell 0.1% in October from a year earlier, after increasing by a revised 1.6% in September, the National Statistics Institute said.

 

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