Wednesday, May 30, 2012

Spanish Retail Sales Fall 9.8% In April - Business Insider

The hits keep on coming for the spiraling disaster that is Spain, the world's 12th largest economy...

Spanish retail sales fell 9.8% year-over-year in April, which according to Markit is the largest collapse in the history of that series, which has been in existence since 2003.

It's possible that there's been a larger year-over-year decline at some point before the data was collected.

Reuters' Scotty Barber has the stomach-dropping chart.

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