Spain’s retail sales fell 0.3% year-on-year in July, according to data from the National Statistics Institute (INE), reversing the 0.5% annual increase reported for June. The decline affected both food and non-food retail and was also reflected in the INE’s calendar-adjusted series, which showed weaker monthly trade. The new report identifies the period as July 2025, while the existing record identifies July 2026 and cites a revised 0.6% increase in June; the two accounts also differ on non-food sales and the monthly contraction. The figures point to softer household consumption, with upcoming inflation, employment and tourism data set to help determine whether the weakness persists.