La sagrada familia in Spain

Spain Retail August 2018

Spain: Retail sales rebound in August

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.

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