Retail sales in Spain soared 41 percent from a year earlier in April of 2021, following a downwardly revised 14.3 percent rise in the previous month. It was the strongest annual gain in retail activity since series began in 2001, as most of the country was in lockdown to curb the COVID-19 pandemic in April of last year. Sales of non-food products surged 107.2 percent, namely personal equipment (336.1 percent) and household equipment (170.5 percent). Meanwhile, those of food edged up (0.3 percent). On a monthly basis, retail sales went down 0.4 percent, after a downwardly revised 2.7 percent gain in March. source: National Statistics Institute (INE)
Retail Sales YoY in Spain averaged -0.11 percent from 2001 until 2021, reaching an all time high of 41 percent in April of 2021 and a record low of -31 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 2021.
Retail Sales YoY in Spain is expected to be 12.00 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 4.50 in 12 months time. In the long-term, the Spain Retail Sales YoY is projected to trend around 3.40 percent in 2022 and 2.60 percent in 2023, according to our econometric models.