5:17am

Wed May 30, 2012
Business

Spain's Retail Sales Drop Amid Belt Tightening

Originally published on Wed May 30, 2012 6:44 am

In Spain, retail sales for April plunged to a seasonally adjusted 9.8 percent from a year ago. It's the fastest decline on record. The drop in sales is being blamed on Spain's severe austerity program.

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