Retail trade in Spain fell 19 percent year-on-year in May of 2020, following a record 31.6 percent plunge in April, helped by the easing of Covid-19 lockdown restrictions. Sales decreased less for food (-0.3 percent vs -0.8 percent in April) and non-food products (-30.4 percent vs -53.2 percent), namely personal equipment (-59.1 percent vs -81.4 percent) and household equipment (-23.3 percent vs -59.4 percent). On a seasonally adjusted monthly basis, retail sales surged 19.3 percent, recovering substantially from a downwardly revised 20.1 percent decline in the previous month.
Retail Sales YoY in Spain averaged -0.19 percent from 2001 until 2020, reaching an all time high of 6.80 percent in December of 2003 and a record low of -31.60 percent in April of 2020. This page provides the latest reported value for - Spain Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Statistics Institute (INE)
Retail Sales YoY in Spain is expected to be -6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Spain to stand at 12.00 in 12 months time. In the long-term, the Spain Retail Sales YoY is projected to trend around 5.60 percent in 2021 and 2.60 percent in 2022, according to our econometric models.