Sept. 29, 2020, 4:03 a.m. EDT

Spanish retail sales extend gains despite virus

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By Xavier Fontdegloria

Retail sales in Spain rose in August for the fourth straight month despite the surge in Covid-19 infections, data from the country's statistics office INE showed Tuesday.

Retail sales rose 1.8% from the preceding month in seasonally and calendar-adjusted terms. The rate was 0.6 percentage point higher than that for July.

On an annual basis, retail sales were 2.4% lower in seasonally and calendar-adjusted terms in August. The rate was 1.5 percentage points higher than that for July.

In August, spending on home goods and personal goods increased by 5.9% and 2.6%, respectively, compared with the prior month. Sales of food products decreased by a marginal 0.2%, compared with July, data showed.

Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com

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