MADRID (Dow Jones)--Spanish retail sales continued to fall in September, Spain's National Statistics Institute said Wednesday, as high unemployment weighs on consumer spending.
Spanish retail sales fell 3.4% on the year earlier in September after falling by 4% on the year in August and by 4.6% on the year in July, the INE said in a statement.
In calendar-adjusted terms, retail sales also fell by 3.4% in September.
Spanish consumer spending has been undermined by rapidly rising unemployment and declining consumer confidence as the country's ailing construction industry sheds hundreds of thousands of jobs.
INE Web site: www.ine.es
-By Jonathan House, Dow Jones Newswires; +34 91 395 8121; jonathan.house@dowjones.com
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