Spain Retail April 2016


Retail sales improve in April

In April, retail sales rose 6.4% over the same month last year, which was above March’s 4.2% increase. The result came mainly on the back of increasing sales in services. On a seasonal- and calendar-adjusted basis, retail sales in April expanded 4.2% over the same month of the previous year, which was above March’s 4.3% rise.

Meanwhile, the annual average growth in retail sales increased from 3.8% in March to 4.1% in April, thus hitting the highest reading since November 2002.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.0% in 2016, which is up 0.2 percentage points from last month’s forecast. For 2017, the panel sees private consumption growth at 2.4%.

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Spain Retail Chart

Spain Retail April 2016

Note: Year-on-year and annual average variation of retail sales.
Source: National Statistical Institute (INE) and FocusEconomics calculations.

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