Spain Retail February 2020

Spain

Spain: Retail sales growth picks up to near four-year high in February

March 30, 2020

Retail sales soared 5.5% year-on-year in February, accelerating from the 0.9% rise logged in January and marking the strongest increase since June 2016. February’s pick-up mainly reflected a return to growth in sales of personal and equipment goods, and food sales gathering momentum compared to January.

On a distribution-based system, purchases at small and large chain, and department stores picked up markedly in February, while those at single retail stores rebounded from the previous month.

Meanwhile, annual average retail sales growth edged up to 2.6% in February from 2.3% in the previous month.

FocusEconomics Consensus Forecast panelists see private consumption falling 2.9% in 2020, which is down 4.4 percentage points from last month’s forecast, and expanding 3.5% in 2021.


Author:, Economist

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Spain Retail Chart


Spain Retail February 20 20

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


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