Spain Retail June 2022


Spain: Retail sales growth deteriorates in June

July 29, 2022

Retail sales expanded 0.2% year on year in June (May: +2.8% yoy). June's reading was largely driven by a deterioration in large chain stores sales. In addition, single retail stores sales fell.

On a monthly basis, retail sales decreased 0.1% in seasonally-adjusted terms in June, matching May’s fall. Meanwhile, annual average retail sales growth fell to 0.4% in June (May: +0.6%), which marked an over one-year low.

FocusEconomics Consensus Forecast panelists see private consumption growing 6.1% in 2022 and 2.7% in 2023.


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