Spain Retail October 2018


Spain: Retail sales rebound strongly in October

November 29, 2018

Retail sales leaped 4.7% in year-on-year terms in October, contrasting the 3.1% dip logged in September and marking the sharpest increase since August 2016. October’s climb largely reflected the strong rebound in sales of food and personal equipment goods compared to last month.

On a distribution-based system, the upturn was broad-based across store types. Sales at small chain and department stores bounced back to growth in October after contracting for three consecutive months while purchases at single retail and large chain stores rebounded from their slump in the previous month.

Annual average retail sales growth rose to 1.0% in October from 0.4% in September, which had marked the lowest reading in nearly four years.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.9% in 2019, which is unchanged from last month’s forecast, and 1.7% in 2020.

Author:, Economist

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Spain Retail Chart

Spain Retail October 2018

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

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