Retail sales in Spain jumped 14.9 percent from a year earlier in March of 2021, following an upwardly revised 6.1 percent fall in February. It was the first gain in retail activity since February of 2020 and the strongest since at least January of 2001, mainly due to a low base comparison from the previous year at the onset of the pandemic crisis. Sales of non-food products surged 42 percent, namely personal equipment (82.2 percent) and household equipment (68.4 percent). Meanwhile, those of food declined (-8.6 percent).On a monthly basis, retail sales increased 3.5 percent, after a downwardly revised 4.1 percent gain in the previous month. source: National Statistics Institute (INE)
Retail Sales YoY in Spain averaged -0.28 percent from 2001 until 2021, reaching an all time high of 14.90 percent in March of 2021 and a record low of -31.30 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 May 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.