Latest reading: Retail sales grew 0.6% month-on-month in seasonally adjusted terms in June (May: -0.9% mom), easily beating market expectations....
Retail Sales in Spain
The Spanish economy recorded an average growth rate of 1.6% in retail sales over the decade to 2024, above Euro Area's average of 1.4%. 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% rise. 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
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United States: Retail sales rebound in June -
Indonesia: Retail sales growth rises in June Latest reading: Retail sales expanded 2.0% in year-on-year terms in June, which was above May’s 1.9% increase. Sales of automotive... -
Australia: Retail sales return to growth in May Latest reading: Retail sales increased 0.2% month on month in seasonally adjusted terms in May after stagnating in April, though... -
Hong Kong: Retail sales record best reading since December 2023 in May Latest reading: Retail sales grew 1.9% year on year in May (April: -3.3% yoy). The print put an end to... -
Switzerland: Retail sales fall at sharpest rate since September 2024 in May Latest reading: Retail sales fell 0.6% month-on-month in seasonally adjusted terms in May (April: -0.2% mom). The result marked the... -
Spain: 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%... -
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 s.a.). On an annual...