Retail trade in Spain shrank 0.9 percent year-on-year in September of 2018, following a downwardly revised 0.1 percent rise in August. It is the biggest annual decline in retail trade since August of 2013 as sales continued to fall for personal equipment (-5.9 percent compared to -2.2 percent in August) and other goods (-1.9 percent compared to -0.6 percent) and were flat for food (0.2 percent). On the other hand, sales increased faster for household equipment (5.2 percent compared to 4.8 percent). On a monthly basis, retail trade went down 0.4 percent, after a downwardly revised 0.2 percent gain in August. Retail Sales YoY in Spain averaged -0.06 percent from 2001 until 2018, reaching an all time high of 6.80 percent in December of 2003 and a record low of -11.30 percent in September of 2012.
Retail Sales YoY in Spain is expected to be 2.10 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 2.30 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.