Spain Retail June 2019

Spain

Spain: Retail sales slow in June

July 29, 2019

Retail sales rose a mild 0.3% year-on-year in June, following a strong 3.1% upturn logged in May, which had marked a seven-month high. June’s moderation was largely driven a fall in food sales.

On a distribution-based system, sales at small and large chain stores, and in department stores slowed significantly compared to May. Meanwhile, purchases at single retail sales contracted.

Annual average retail sales growth ticked down to 0.9% in June from 1.0% in the previous month.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.8% 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 June 2019

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


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