Retail Sales in Spain
Spain - Retail Sales
Retail sales growth accelerates slightly in September
Retail sales grew 2.2% in annual terms in September, following a 1.8% increase in August. The pick-up was driven by faster growth in food sales as well as in purchases of personal equipment, but it was partially offset by softer growth in household equipment goods sales. On a seasonally- and calendar-adjusted basis, retail sales rose 0.6% from the previous month in September, which came in above the 0.4% increase recorded in August.
Retail sales data continues to point to resilient, albeit gradually decelerating, household consumption growth in the second half of the year. In line with this, annual average growth in retail sales inched down from 1.4% in August to 1.3% in September, which marks the weakest rate of growth since January 2015.
FocusEconomics Consensus Forecast panelists see private consumption expanding 2.4% in 2018, which is from last month’s forecast. For 2019, the panel sees private consumption growing at 2.1%.
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||1.54||5.62 %||Nov 17|
|Exchange Rate||1.18||0.65 %||Nov 17|
|Stock Market||10,010||-0.74 %||Nov 17|
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November 8, 2017
The industrial sector closed the third quarter on a strong note, with output expanding 3.4% from the same month of the previous year in September.
November 6, 2017
Business conditions remained largely resilient in October in face of an escalating political situation regarding Catalonia’s attempt to secede from Spain, although the effects of the political spat were discernible in the services sector.
October 31, 2017
The current account balance recorded a surplus of EUR 2.6 billion in August, which was slightly below both the EUR 3.0 billion surplus logged in the previous month and the EUR 2.8 billion surplus observed in August of the previous year.
October 31, 2017
The Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 4,755 new construction permits in August, according to data published by the Ministry of Public Works (Ministerio de Fomento).
October 27, 2017
Retail sales grew 2.2% in annual terms in September, following a 1.8% increase in August.