Spain Retail


Spain: Retail sales lose steam in August

September 29, 2015

In August, retail sales rose 3.2% over the same month last year, which was below July’s revised 4.0% increase (previously reported: +4.2% year-on-year). August’s result marked a three-month low. The moderation was partly due to lower sales of food products and slower sales growth of personal equipment. On a working-day adjusted basis, retail sales in August expanded 3.1% over the same month last year, which was below July’s 4.1% rise.

Meanwhile, the trend continued to improve as annual average growth in retail sales increased from the 2.7% tallied in July to 3.1% in August, thus remaining at the highest level since November 2007.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.4% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees private consumption growth at 2.7%.

Author: Angela Bouzanis, Senior Economist

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Spain Retail Chart

Spain Retail August 2015

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

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