Latest reading: Retail sales increased 0.2% in month-on-month seasonally adjusted terms in May, which was a deterioration from April’s 0.8%...
Retail Sales in Spain
The Spanish economy recorded an average growth rate of 0.9% in retail sales over the decade to 2024, same level as 's average of %. In 2024, Spain's retail sales growth was 1.8%.
Spain Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Spain from 2023 to 2022.
Source: Macrobond.
Spain Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -6.7 | 4.4 | 2.2 | 2.5 | 1.8 |
Retail sales growth ebbs in May
Latest reading: Retail sales increased 0.2% in month-on-month seasonally adjusted terms in May, which was a deterioration from April's 0.8% increase. May's figure was partly driven by a deterioration in large chain stores sales. In addition, single retail stores sales lost steam. On an annual basis, retail sales rose 4.8% in May, which was better than April’s 4.1% expansion and marking the best result since February 2022. Meanwhile, annual average retail sales growth rose to 2.7% in May (April: +2.4%). This signals an improving trend in the retail trade sector.
Consensus Forecasts and Projections for the next ten years
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 3 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.
Latest Global Retail News
-
Spain: Retail sales growth ebbs in May -
Luxembourg: Retail sales deteriorates in May Latest reading: Retail sales dropped 0.1% month-on-month in seasonally adjusted terms in May (April: +0.9% mom). On an annual basis,... -
Poland: Retail sales growth deteriorates in May Latest reading: Retail sales increased 4.4% year on year in May (April: +7.6% yoy). Looking at the details of the... -
United Kingdom: Retail sales fall at sharpest pace since December 2023 in May Latest reading: Retail sales fell 2.7% month-on-month in seasonally adjusted terms in May (April: +1.3% mom). The outturn marked the... -
United States: Retail sales contract at sharpest pace since March 2023 in May Latest reading: Retail sales dropped 0.9% month-on-month in seasonally adjusted terms in May (April: -0.1% mom), a larger fall than... -
Indonesia: Retail sales rebound in May Latest reading: Retail sales rose 2.6% year on year in May (April: -0.3% yoy). The rebound was partly driven by... -
Switzerland: Retail sales dips in April Latest reading: Retail sales fell 0.3% month-on-month in seasonally adjusted terms in April (March: +0.2% mom). April’s figure was largely...