November 27, 2013 / 8:14 AM / 4 years ago

Spain October retail sales fall 0.5 pct from year earlier - INE

MADRID, Nov 27 (Reuters) - Spanish retail sales fell 0.5 percent year-on-year on a calendar-adjusted basis in October, official data from statistics institute INE showed on Wednesday, after a revised 2.1 percent rise in September.

September’s rise, the first in three years, was likely due to residual effects from the impact of a rise in value-added tax (VAT) in September 2012. That had hit consumer spending hard, which made the figures for September this year look better. (Reporting By Elisabeth O‘Leary; Editing by Fiona Ortiz)

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