Spain Retail June 2017

Spain

Spain: Retail sales growth slows in June

July 26, 2017

Retail sales recorded another solid performance in June expanding 2.8% in annual terms, which was however lower than May’s 3.8% expansion. The growth in sales was driven by food purchases and household equipment. Meanwhile, on a seasonally- and calendar-adjusted basis, retail sales expanded 0.6% in monthly terms in June, which was above May’s 0.4% increase.

Due to June’s deceleration, the annual average growth in retail sales inched down from 2.1% in May to 1.9% in June, which marks the weakest rate of growth since March 2015.

FocusEconomics Consensus Forecast panelists see private consumption expanding 2.6% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees private consumption growing at 2.2%.


Author:, Economist

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Spain Retail Chart


Spain Retail June 2017

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


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