Spain Retail January 2016

Spain

Spain: Retail sales lose steam in January

March 10, 2016

In January, retail sales rose 2.0% over the same month of the previous year, which was below December’s 3.2% increase. The result came on the back of falling sales in services as well as food and beverages. On a seasonal- and calendar-adjusted basis, retail sales in January expanded 3.6% over the same month of the previous year, which was above December’s 2.3% rise.

Meanwhile, the trend continued to point downward as annual average growth in retail sales decreased from the 3.6% tallied in December to 3.4% 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 January 2016

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


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