Retail sales growth speeds up in June
Retail sales expanded 6.8% year on year in June (May: +6.6% yoy). Looking at the details of the release, large chain stores sales grew at a softer pace in June, while single retail stores sales also lost steam. Meanwhile, small chain stores sales expanded.
On a seasonally and calendar adjusted monthly basis, retail sales rose at a more moderate pace of 0.3% in June (May: +0.4% mom). Meanwhile, the trend improved, with the annual average growth of retail sales coming in at 3.4%, up from May’s 2.9%.
Spain Retail Chart
Spain Retail Data
|Retail Sales (ann. var. %)||0.8||2.4||-6.8||3.2||0.7|