Well Eurostat have just published the January retail sales data, and the Spanish numbers do not look good at all. Basically retail sales have now contracted in 5 of the last six months. In January they were down 1.1% on December (seasonally adjusted of course) and 2.4% on January 2007. If you look at the chart there is now a very clear downward line, and the only real question is where this will now stop. The slide is evident. Basically this is a reflection of construction and banking sector issues gradually arriving and making their presence felt on the real economy.
Spain Real Time Data Charts
Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Spain related comment. He also maintains a collection of constantly updated Spain charts with short updates on a Storify dedicated page Spain's Economic Recovery - Glass Half Full or Glass Half Empty?