Spain Retail April 2022


Spain: Retail sales rebound in April

May 30, 2022

Retail sales expanded 3.3% year-on-year in April (March: -5.5% yoy). The reading reflected a broad-based improvement across the major sectors: small chain stores swung from a notable contraction to a marked expansion, while large chain stores and single retail stores contracted at softer paces in the month.

On a monthly basis, retail sales jumped 5.3% in seasonally-adjusted terms in April, contrasting March’s 4.3% decrease. Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 1.6%, down from March 's 3.6% reading.

FocusEconomics Consensus Forecast panelists see private consumption growing 6.1% in 2022 and 2.7% in 2023.


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