Retail Sales in Spain
Spain - Retail Sales
Retail sales growth loses steam in April
Retail sales rose 0.7% in year-on-year terms in April, below the 1.5% increase recorded in March and the lowest reading in six months. April’s moderation was chiefly driven by a mild contraction in food sales and a significant drop in sales of personal equipment goods.
On a distribution-based system, purchases at single retail stores contracted for the third consecutive month while department store sales dropped for the first time in six months. Meanwhile, sales at small and large chain stores slowed down compared to March.
Annual average retail sales growth inched up from 1.3% in March to 1.4% in April, a nine-month high.
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 2.1%.
Spain - Retail Sales Data
|Retail Sales (annual variation in %)||-3.9||0.9||4.2||3.9||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Spain Retail Sales Chart
Source: National Statistical Institute (INE).
|Bond Yield||1.42||5.62 %||Jun 13|
|Exchange Rate||1.17||0.65 %||Jun 14|
|Stock Market||9,958||-0.74 %||Jun 14|
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June 5, 2018
Largely reflecting an improvement of business conditions in the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) edged up from 55.4 in April to 55.9 in May.
May 31, 2018
The economy maintained a healthy pace of growth in the first quarter of the year, according to comprehensive national accounts data released by the National Statistical Institute (INE) on 31 May.
May 30, 2018
Retail sales rose 0.7% in year-on-year terms in April, below the 1.5% increase recorded in March and the lowest reading in six months.
May 9, 2018
Industrial production gained steam in March and grew 5.1% year-on-year in seasonally-and calendar-adjusted terms, a notable improvement from February’s revised 3.0% rise (previously reported: +3.1% year-on-year).
May 4, 2018
Weaker growth in both the services and manufacturing sectors led the IHS Markit composite Purchasing Managers’ Index (PMI) to drop slightly to 55.4 in April from 55.8 in March.