Spain's retail sales dropped 2.4 percent from a year earlier in August 2020, easing from a 3.9 percent slump in the previous month and a record 31.6 percent plunge seen in April, when the country was under strict lockdown measures to curb the spread of the pandemic. Sales were down for both food (-2.9 percent vs -2.5 percent in July) and non-food products (-1.7 percent vs -3.1 percent). Within non-food, personal equipment trade tumbled 20.3 percent (vs -22.0 percent in July) and other goods sales edged 0.3 percent lower (-0.7 percent in July). At the same time, household equipment trade jumped 12.6 percent, compared to 6.6 percent in July. On a seasonally adjusted basis, retail sales rose 1.8 percent in August, the fourth consecutive month of growth.
Retail Sales YoY in Spain averaged -0.23 percent from 2001 until 2020, reaching an all time high of 6.80 percent in December of 2003 and a record low of -31.60 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 October of 2020. source: National Statistics Institute (INE)
Retail Sales YoY in Spain is expected to be -4.30 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 12.00 in 12 months time. In the long-term, the Spain Retail Sales YoY is projected to trend around 5.60 percent in 2021 and 2.60 percent in 2022, according to our econometric models.