Spain's retail trade rose by 0.6% year-on-year in March 2024, after a downwardly revised 1.8% increase in the prior month. Spanish retail activity has recorded its 16th consecutive month of growth, although at a notably slower pace compared to the previous month. Sales growth slowed for both food (+0.6% vs +1.3%) and non-food products (+2.5% vs +3.8%), with spending on home equipment showing a more modest increase (+2.8% vs +4.9%) and that on personal equipment declining (-4.6% vs +8.4%).Monthly, retail sales shrank by 0.5% in March, compared with a 0.5% increase in the prior month, mainly influenced by a 1% drop in food sales. source: National Statistics Institute (INE)
Retail Sales in Spain increased 0.60 percent in March of 2024 over the same month in the previous year. Retail Sales YoY in Spain averaged 0.19 percent from 2001 until 2024, reaching an all time high of 40.70 percent in April 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 April of 2024.
Retail Sales in Spain increased 0.60 percent in March of 2024 over the same month in the previous year. Retail Sales YoY in Spain is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Retail Sales YoY is projected to trend around 0.60 percent in 2025, according to our econometric models.