Retail sales in Spain plummeted 31.6 percent year-on-year in April of 2020, following an upwardly revised 14.2 percent slump in the previous month. It was the biggest decline in retail activity since the series began in January of 2001, hit by the coronavirus pandemic and control measures to prevent its spread. Sales decreased sharply for non-food products (-53.2 percent vs -30 percent in March), such as personal equipment (-81.4 percent vs -54.2 percent) and household equipment (-59.1 percent vs -32.3 percent). Also, those of food went down (-0.7 percent vs 8.6 percent). On a seasonally adjusted monthly basis, retail sales slipped 20.4 percent, the most on record, after an upwardly revised 15.5 percent fall in the previous month.
Retail Sales YoY in Spain averaged -0.10 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 June of 2020. source: National Statistics Institute (INE)
Retail Sales YoY in Spain is expected to be 1.40 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 1.50 in 12 months time. In the long-term, the Spain Retail Sales YoY is projected to trend around 1.50 percent in 2021 and 2.20 percent in 2022, according to our econometric models.