Spain's retail trade rose 3.2 percent from a year earlier in July 2019, following an upwardly revised 2.5 percent growth in the previous month, boosted by sales of food (1.3 percent vs 1.1 percent) and non-food products (4.0 percent vs 3.2 percent). Within non-food items, sales rose for personal equipment (2 percent, the same as in June); household equipment (2.9 percent vs 2.6 percent), and other goods (3.9 percent vs 2.8 percent). On a monthly basis, retail trade rose 0.2 percent in July, the same pace as in June. Retail Sales YoY in Spain averaged 0.02 percent from 2001 until 2019, reaching an all time high of 6.80 percent in December of 2003 and a record low of -11.40 percent in September of 2012.
Retail Sales YoY in Spain is expected to be 1.10 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 1.40 in 12 months time. In the long-term, the Spain Retail Sales YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.