Spain Retail August 2018

Spain

Spain: Retail sales rebound in August

October 1, 2018

Retail sales rose a mild 0.3% in year-on-year terms in August, rebounding from the 0.7% dip logged in July. August’s upturn largely reflected a rebound in food sales.

On a distribution-based system, sales at single retail stores contracted for the fourth consecutive month in August, albeit at a softer pace than in July. In addition, purchases at both small chain and department stores fell again in August. Meanwhile, sales at large chain stores increased at a stronger clip compared to the previous month.

Annual average retail sales growth remained steady at July’s 0.8% in August, a year-to-date low.

Spain Private Consumption Forecast


FocusEconomics Consensus Forecast panelists see private consumption expanding 2.4% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees private consumption growing at 2.1%, also unchanged from last month’s projection.


Author:, Economist

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Spain Retail Chart


Spain Retail August 2018 0

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


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