Spanish shoppers stay at home

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Spanish shoppers stay at home

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Spanish retail sales suffered their worst drop on record in September, plunging by nearly eleven percent.

It was the 27th consecutive monthly decline, and has been partially blamed by a rise in VAT at the start of last month.

However the slump has been good for budget retailers, with supermarket chain Dia reporting a tripling of its nine-month profit as consumers sought out cheaper deals.