Spain: Retail sales grow at fastest pace since November 2023 in September
Latest reading: Retail sales grew 1.0% in month-on-month seasonally adjusted terms in September, which was above August’s 0.4% increase. The figure marked the best reading since November 2023. The increase was largely driven by faster growth in large chain stores sales. In contrast, single retail stores sales lost steam.
On an annual basis, retail sales rose at a faster rate of 4.1% in September (August: +2.4% yoy), the best result since May 2022. Meanwhile, annual average of retail sales was steady coming in at August’s 1.8% in September.