Spain Retail June 2021

Spain

Spain: Retail sales growth slows sharply in June

July 30, 2021

Retail sales increased 1.8% year-on-year in June (May: +18.9% yoy). June's notable deceleration largely reflected easing large chain stores and small chain sales as well as downturns in sales at department and single retail stores.

On a seasonally- and calendar-adjusted monthly basis, retail sales recorded 0.2% growth in June (May: +0.0% mom). Meanwhile, the trend improved, with the annual average growth in retail sales coming in at 1.5% in June, following May's 1.0%.

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


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Spain Retail June 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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