Spain: Retail sales growth hits six-month high in April
May 30, 2019
Retail sales rose 2.0% in year-on-year terms in April, marking a six-month high and following the soft 0.2% upturn logged in March. The print largely reflected a strong increase in food sales more than offsetting lower sales of personal equipment goods.
On a distribution-based system, sales at small and large chain stores picked up notably compared to March while they rebounded at department stores. Meanwhile, purchases at single retail sales contracted for the second consecutive month in April.
Annual average retail sales growth ticked up to 0.7% in April from 0.6% in March.
Spain Private Consumption Forecast
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: Javier Colato, Economist