RTTNews reports that data released by the statistical office INE showed that Spain retail sales declined at a faster pace in November.

Retail sales decreased 4.3 percent on a yearly basis in November, which was bigger than the 3 percent decline logged in October.

Similarly, on an unadjusted basis, the annual decline in retail sales deepened to 5.8 percent from 2.3 percent a month ago.

Month-on-month, retail sales dropped 0.8 percent, in contrast to a 0.1 percent rise in October. The monthly fall was driven by weak demand for non-food products.