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Spain: Retail sales moderate in January

March 10, 2015

In January, retail sales rose 4.2% over the same month last year, which was below December’s 5.4% increase. December’s print had marked the highest rate since March 2007. The result was mainly a moderation in the sales of household goods and of food at general shops. On a working-day adjusted basis, retail sales expanded 4.2% over the same month last year in January (December: +6.5% yoy).

Annual average growth in retail sales increased from the previous month’s 0.9% to 1.3% in January, which marked the highest level since February 2008.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.8% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees private consumption growth at 1.9%.


Author: Angela Bouzanis, Senior Economist

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Spain Retail Chart


Spain Retail January 2015

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


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