Spain Retail May 2019

Spain

Spain: Retail sales growth hits seven-month high in May

June 28, 2019

Retail sales rose 3.1% in year-on-year terms in May, marking a seven-month high and following the softer 1.9% upturn logged in April. The print largely reflected a strong increase in sales of personal equipment goods.

On a distribution-based system, sales at small and large chain stores, and in department stores picked up compared to April. Meanwhile, purchases at single retail sales rebounded in May.

Annual average retail sales growth rose to 1.0% in May from 0.7% in April, a one-year high.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.9% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.8% in 2020.


Author: Massimo Bassetti, Economist

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Spain Retail Chart


Spain Retail May 2019

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


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