Spain Retail February 2016

Spain

Spain: Retail sales increase in February

March 31, 2016

In February, retail sales rose 7.4% over the same month last year, which was well above January’s 1.9% increase. The result came on the back of increasing sales in services as well as food and beverages. On a seasonal- and calendar-adjusted basis, retail sales in February expanded 4.0% over the same month of the previous year, which was above January’s 3.6% rise.

Meanwhile, the annual average growth in retail sales increased from 3.4% in January to 3.8% in February.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.0% in 2016, which is up 0.2 percentage points from last month’s forecast. For 2017, the panel sees private consumption growth at 2.4%.


Author: Angela Bouzanis, Senior Economist

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Spain Retail Chart


Spain Retail February 2016

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


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