Spain Retail December 2015

Spain

Spain: Retail sales lose steam in December

January 28, 2016

In December, retail sales rose 3.2% over the same month of the previous year, which was below November’s 4.2% increase. The result came on the back of slower growth in personal and household equipment. On a seasonal- and calendar-adjusted basis, retail sales in December expanded 2.3% over the same month of the previous year, which was below November’s 3.3% rise and marked a six-month low.

Meanwhile, the trend continued to point downward as annual average growth in retail sales decreased from the 3.8% tallied in November to 3.6% in December.

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 December 2015

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


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