Spain Retail March 2016

Spain

Spain: Retail sales decelerate in March

April 28, 2016

In March, retail sales rose 4.3% over the same month last year, which was below February’s 7.4% increase. The result came mainly on the back of increasing sales in services. On a seasonal- and calendar-adjusted basis, retail sales in March expanded 4.4% over the same month of the previous year, which was above February’s 3.6% rise.

Meanwhile, the annual average growth in retail sales was stable at February’s 3.8%.

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%.


Author:, Senior Economist

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Spain Retail Chart


Spain Retail March 2016

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


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