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Spain April retail sales fall 31.6% year-on-year

Reuters
A man wearing a protective mask walks past closed retail stores along Gran Via street during partial lockdown as part of a 15-day state of emergency to combat the coronavirus disease outbreak in Madrid

(Reuters) - Spanish retail sales slumped 31.6% in April from a year earlier on a calendar-adjusted basis, after a revised fall of 14.2% in March, the National Statistics Institute (INE) said on Thursday.

The March figure was revised down from a preliminary 14.1% contraction, INE said.

A considerable share of businesses were operating solely on an online basis during April as part of a nationwide lockdown imposed by the government to slow the spreading of the COVID-19 pandemic, INE said.

(Reporting by Maria Gonçalves, Editing by Inti Landauro)