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Spain: Growth in retail sales slows to six-month low in May

June 29, 2015

In May, retail sales rose 2.0% over the same month last year, which was below April’s revised 2.8% increase (previously reported: +2.9% year-on-year). The result, which marked a six-month low, was mainly due to a deceleration in sales of household goods and a decline is sales of food at general shops. On a working-day adjusted basis, retail sales in May expanded 3.4% over the same month last year, which was below April’s 3.9% rise.

Despite’s May’s slowdown, the trend continued to improve as annual average growth in retail sales increased from the previous month’s 2.0% to 2.1%, which marked the highest level since January 2008.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.2% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption growth at 2.5%.


Author: Angela Bouzanis, Senior Economist

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Spain Retail Chart


Spain Retail May 2015

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


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