Spain's retail sales fell 3.3 percent over a year earlier in September 2020, following an upwardly revised 2.9 percent drop in the previous month. It was the seventh consecutive decline in retail trade amid the coronavirus crisis. Sales went down further for non-food products (-3.1 percent vs -1.7 percent in August), while those of food fell less (-2.7 percent vs -2.9 percent). Within non-food, personal equipment trade slumped 20.5 percent (vs -20.3 percent in August) and other goods sales decreased 2.2 percent (-0.2 percent in July). Meanwhile, sales of household equipment jumped 12.5 percent, faster than an 8.2 percent gain in the prior month. On a seasonally adjusted basis, retail sales dropped 0.3 percent, after rising a downwardly revised 1.4 percent in August. source: National Statistics Institute (INE)
Retail Sales YoY in Spain averaged -0.25 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 November of 2020.
Retail Sales YoY in Spain is expected to be -3.20 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 5.70 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.