FX.co ★ Spanish Retail Sales Slow Marginally in May: Annual Growth Deceleration Noted

Retail sales in Spain showed a slight deceleration in May 2024, reflecting a minimal dip in consumer spending. According to the latest data released on June 27, 2024, the retail sales indicator for May stood at 0.2%, a subtle decline from the 0.3% recorded in April 2024.

Analyzing the trend year-over-year, the May figures indicate a slower pace of growth compared to the previous month. While the retail sales in April also marked an annual growth, the recent numbers suggest a subdued consumer demand as the economic landscape remains uncertain.

Economists are now closely monitoring whether this moderation in growth is a transient phase or indicative of a more prolonged trend which may impact broader economic forecasts. Observers anticipate that subsequent data releases will shed more light on the retail sector's trajectory through the remainder of the year.