Spain Retail


Spain: Retail sales lose steam in April

May 28, 2015

In April, retail sales rose 2.9% over the same month last year, which was below March’s revised 4.0% increase (previously reported: +3.7% year-on-year). The result was mainly due to a deceleration in the sales of household goods and of food at general shops. In addition, sales of household equipment lost steam compared to the previous month. On a working-day adjusted basis, retail sales in April expanded 4.3% over the same month last year, which was above March’s 3.1% rise.

The trend continued to improve as annual average growth in retail sales increased from the previous month’s 1.7% in March to 2.0% in April, which marked the highest level since February 2008.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.2% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, the panel sees private consumption growth at 2.4%.

Author: Angela Bouzanis, Senior Economist

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Spain Retail Chart

Spain Retail April 2015

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

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