Photo: Wikimedia Commons
Cheer up. At least the US is experiencing 1.8% growth.Check out the shambolic economic data out of Spain.
Retail sales decreased for the ninth straight month in March. Sales were down by 8.6 on a calendar adjusted terms, following an annual fall of 4.3 per cent in February. The consensus forecast called for a decline of 4.9 per cent.
Meanwhile, unemployment in Spain jumped a full percentage point to… wait for it… 21.3%!
Spain’s IBEX is down 0.5%.