Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Spanish Retail Sales' Recovery Edges Up In August

By Dayeeta Das
Share this article

Spanish retail monthly sales rose for the fourth consecutive month in August, the National Statistics Institute said on Tuesday, though activity has still not reached pre-lockdown levels.

Retail sales increased by 1.8% month-on-month in August after a 1.2% increase in July and a sharp rebound in May and June as Spain eased its coronavirus restrictions.

Still, calendar-adjusted sales were 2.4% below year-ago levels, the data showed, improving from a 3.9% drop seen in July and far healthier than the double-digit declines logged between March and May.

Sales at large chain stores rose 2.3% year-on-year, while other types of shop continued to register slight declines.

Recovery

Consumer activity has recovered much of the ground lost since April, when the government enforced one of Europe's strictest lockdowns, confining Spaniards to their houses and triggering a 31.6% year-on-year slump in retail sales.

ADVERTISEMENT

But the recovery has not been felt equally across the country. Tourism-dependent regions such as the Balearic and Canary Islands continued to struggle, registering year-on-year retail sales declines of 15.3% and 14.2%, respectively, the INE said.

Demand in August rose across all product categories except food, while houseshold goods, which include furniture and appliances, remained the best performing category, with August sales jumping 5.9% from July levels.

In June, furniture manufacturers were overwhelmed by demand after sales boomed at the end of lockdown.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days