Latest reading: Retail sales grew 0.5% month-on-month in seasonally adjusted terms in July (June: +0.9% mom), in line with market...
Retail Sales in Spain
The Spanish economy recorded an average growth rate of 1.6% in retail sales over the decade to 2024, above Euro Area's average of 1.4%. In 2024, Spain's retail sales growth was 1.8%.
Spain Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Spain from 2023 to 2022.
Source: Macrobond.
Spain Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -6.7 | 4.4 | 2.2 | 2.5 | 1.8 |
Retail sales contracts at sharpest pace since January in July
Latest reading: Retail sales fell 0.4% month-on-month in seasonally adjusted terms in July (June: +1.2% mom s.a.). The result marked the worst reading since January. The figure was largely due to a deterioration in large chain stores sales. In addition, single retail stores sales decelerated. On an annual basis, retail sales rose at a softer pace of 4.7% in July (June: +6.2% yoy). Meanwhile, the trend improved slightly, with the annual average growth of retail sales coming in at 3.5% in July, up from June's 3.4%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish retail projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Spanish retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish retail projections.
Want to get access to the full dataset of Spanish retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
-
United States: Retail sales growth moderates in July -
Indonesia: Retail sales growth rises in July Latest reading: According to preliminary data, retail sales grew 4.8% year on year in July (June: +1.3% yoy). Sales of... -
Switzerland: Retail sales bounce back in June Latest reading: Retail sales expanded 1.5% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.4% decrease. June’s figure... -
Hong Kong: Retail sales deteriorate in June Latest reading: Retail sales slid 0.3% year on year in June (May: +1.9% yoy). Fuel, supermarkets, clothing and food sales... -
Australia: Retail sales expand at quickest pace since November 2021 in June Latest reading: Retail sales grew 1.2% in month-on-month seasonally adjusted terms in June, which was above May’s 0.5% increase. The... -
Spain: Retail sales growth speeds up in June Latest reading: Retail sales increased 1.2% month-on-month in seasonally adjusted terms in June (May: +0.3% mom s.a.). Looking at the... -
United Kingdom: Retail sales rebound in June Latest reading: Retail sales rose 0.9% in month-on-month seasonally adjusted terms in June, which contrasted May’s 2.8% decrease but undershot...