Retail sales in Spain increased by 5.5% year-on-year in April 2023, easing from an upwardly revised 9.9% growth in the previous month and well above market forecasts of 0.7%. Sales rose at a softer pace for non-food products (14.3% vs 22.9% in March), particularly personal equipment (21.2% vs 29.4%) and other goods (11.1% vs 18.2%). At the same time, trade for home equipment dropped (-0.2% vs 0.8%). Meanwhile, spending for food products rebounded (1.6% vs -2.3%). On a monthly basis, retail sales advanced by 0.9%, after an upwardly revised 0.7% gain in March. source: National Statistics Institute (INE)
Retail Sales YoY in Spain averaged 0.11 percent from 2001 until 2023, reaching an all time high of 40.70 percent in April of 2021 and a record low of -31.30 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 June of 2023.
Retail Sales YoY in Spain is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Retail Sales YoY is projected to trend around 0.50 percent in 2024 and 0.60 percent in 2025, according to our econometric models.