Spain Retail


Retail sales pick up pace in September

In September, retail sales rose 4.4% over the same month last year, which was above August’s revised 3.1% increase (previously reported: +3.2% year-on-year). September’s result marked a nine-month high. The acceleration was partly due to a pick-up in sales of food products and personal equipment. On a seasonal- and calendar-adjusted basis, retail sales in September expanded 4.3% over the same month last year, which was above August’s 3.0% rise.

Meanwhile, the trend continued to improve as annual average growth in retail sales increased from the 3.1% tallied in August to 3.2% in September, thus hitting the highest level since October 2007.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.4% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption growth at 2.8%, which is up 0.1 percentage points from last month’s forecast.

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Spain Retail Chart

Spain Retail September 2015

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

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