Retail Sales in Spain
Spain's economy recorded an average growth rate of 0.6% in retail sales in the decade up to 2022, below the 1.6% average for the Euro Area. In 2022, retail sales growth was 0.7%.
Spain Retail Chart
Spain Retail Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Retail Sales (ann. var. %) | 0.8 | 2.4 | -6.8 | 3.2 | 0.7 |
Retail sales growth drops to over one-year low in December
Retail sales expanded 3.4% in year-on-year terms in December, which followed November's 5.9% increase. The outturn marked the worst reading since November 2022. The reading was largely due to weaker large chain stores sales. In addition, small chain stores sales lost pace. On a seasonally and calendar adjusted monthly basis, retail sales fell 0.7% in December (November: +0.8% mom), the worst result since March 2022. Meanwhile, annual average retail sales growth fell to 6.1% in December (November: +6.2%), signaling a worsening trend in the retail trade sector.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish retail projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Spanish retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish retail projections.
Want to get access to the full dataset of Spanish retail forecasts? Send an email to info@focus-economics.com.
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