Retail sales in Spain rose 1.1 percent year-on-year in April 2019, slowing from a downwardly revised 1.4 percent gain in the previous month. Sales growth eased for food (1.4 percent compared to 1.6 percent in March) and other goods (0.4 percent compared to 1.3 percent). Also, sales of personal equipment dropped (-0.4 percent compared to 1.0 percent). On the other hand, sales of household equipment increased further (3.0 percent compared to 1.1 percent). On a monthly basis, retail sales declined 0.4 percent, after a downwardly revised 0.3 percent rise in March. Retail Sales YoY in Spain averaged -0.02 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.
Retail Sales YoY in Spain is expected to be 0.70 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 1.20 in 12 months time. In the long-term, the Spain Retail Sales YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.