La sagrada familia in Spain

Spain Retail June 2023

Spain: Retail sales growth speeds up in June

Retail sales expanded 6.8% year on year in June (May: +6.6% yoy). Looking at the details of the release, large chain stores sales grew at a softer pace in June, while single retail stores sales also lost steam. Meanwhile, small chain stores sales expanded.

On a seasonally and calendar adjusted monthly basis, retail sales rose at a more moderate pace of 0.3% in June (May: +0.4% mom). Meanwhile, the trend improved, with the annual average growth of retail sales coming in at 3.4%, up from May’s 2.9%.

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