Retail Sales in Spain
Spain - Retail Sales
Retail sales growth remains resilient in December
Consumption dynamics in Spain proved resilient in the final months of 2017 in spite of a bleak October performance, when uncertainty surrounding the Catalan referendum for independence on 1 October weighed on household spending. Retail sales growth came in at 1.5% in year-on-year terms in December, below the five-month high 3.2% expansion recorded in November but an improvement over October’s 1.2% decline. Sales in Catalonia were largely muted at 0.2% growth in December.
Looking at a breakdown of the headline figure, purchases of personal equipment recorded strong growth for a second consecutive month in December, while sales of household equipment and food purchases expanded at weaker rates.
Annual average growth in retail sales rebounded following six months of consecutive decreases and inched up to 1.2% in December from 1.1% in November. November’s figure had marked the weakest rate of growth since December 2014.
Spain Private Consumption Forecast
FocusEconomics Consensus Forecast panelists see private consumption expanding 2.4% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees private consumption growing at 2.2%.
Spain - Retail Sales Data
|Retail Sales (annual variation in %)||-7.0||-3.9||0.9||3.6||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Spain Retail Sales Chart
Source: National Statistical Institute (INE).
|Bond Yield||1.56||5.62 %||Feb 22|
|Exchange Rate||1.23||0.65 %||Feb 22|
|Stock Market||9,877||-0.74 %||Feb 22|
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February 8, 2018
In December, industrial production improved significantly from the previous month, rising a solid 6.1% in year-on-year terms.
February 5, 2018
Solid business conditions in the service sector and resilient dynamics in manufacturing led the IHS Markit composite Purchasing Managers’ Index (PMI) to pick up to 56.7 in January from 55.4 in the previous month, marking the third consecutive rise in the index and the highest reading in six months.
January 31, 2018
The Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 6,606 new construction permits in November, according to data published by the Ministry of Public Works (Ministerio de Fomento).
January 31, 2018
The current account surplus widened to a one year high of EUR 3.0 billion in November, up from the EUR 1.7 billion surplus recorded in October.
January 30, 2018
The economy managed to withstand political uncertainty in the fourth quarter of last year, dispelling fears of an abrupt slowdown.