Retail sales in Spain went up 1.7 percent year-on-year in December of 2019,following a downwardly revised 2.5 percent rise in November and below market expectations of 2.2 percent. It is the lowest annual gain in retail sales in eight months as sales fell for food (-0.2 percent vs 0.4 percent in November) and slowed for personal equipment (2.5 percent vs 4.5 percent). On the other hand, sales rebounded for household equipment (2.1 percent vs -1.1 percent). On a monthly basis, retail sales slumped 0.7 percent, the biggest drop since October of 2017.
Retail Sales YoY in Spain averaged 0.08 percent from 2001 until 2019, reaching an all time high of 6.80 percent in December of 2003 and a record low of -11.40 percent in September of 2012. 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. source: National Statistics Institute (INE)
Retail Sales YoY in Spain is expected to be 1.20 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 1.50 in 12 months time. In the long-term, the Spain Retail Sales YoY is projected to trend around 1.50 percent in 2021 and 2.20 percent in 2022, according to our econometric models.