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Spain: Retail sales record 2nd consecutive increase in April

May 28, 2014

In April, retail sales added 0.1% over the same month last year, which followed the revised 0.5% increase tallied in March (previously reported: +0.6% year-on-year) and marked the second consecutive monthly expansion. April’s improvement mostly reflects a healthy expansion in household goods. On a working-day adjusted basis, retail sales expanded 0.7% over the same month last year (March: -0.5% yoy), which represented the highest rate since November 2013.

Annual average variation in retail sales improved from minus 1.5% in March to minus 1.2% in April, marking the highest level since May 2008.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.1% in 2014, which is up 0.1 percentage points over last month’s projection. The panel sees private consumption growth at 1.3% in 2015.


Author: Ricard Torné, Head of Economic Research

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Spain Retail Chart


Spain Retail April 2014

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


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