Spain Retail May 2021

Spain

Spain: Retail sales growth deteriorates in May

June 29, 2021

Retail sales increased 18.8% year-on-year in May (April: +38.3% yoy). May's notable downturn largely reflected easing large chain stores and single retail stores sales.

On a seasonally- and calendar-adjusted monthly basis, retail sales recorded zero growth in May (April: -0.5% mom). Meanwhile, the trend improved notably, with the annual average variation of retail sales coming in at plus 1.0% in May, contrasting April's minus 2.0%.

FocusEconomics Consensus Forecast panelists see private consumption growing 6.2% in 2021 and 5.3% in 2022.


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Spain Retail May 2021

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


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