Spain Retail September 2021

Spain

Spain: Retail sales remains broadly unchanged in September

October 29, 2021

Retail sales recorded zero growth compared to the same month a year earlier in September, which followed August's 0.1% decrease. September's improvement was largely driven by an improvement in large chain stores sales. In addition, single retail stores sales strengthened.

On a seasonally- and calendar-adjusted monthly basis, retail sales rebounded, rising 0.3% in September (August: -0.1% mom), the best result since March. Meanwhile, annual average retail sales growth rose to 2.4% in September (August: +2.2%). This signals an improving trend in the retail trade sector.

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


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Spain Retail September 2021

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


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