retail sales

In the World 29th November 2024

Online sales as long shopping weekend after ‘Thanksgiving’ starts increase 4% vs. 2% in 2023

Bankinter | Online sales at the start of the long shopping weekend that begins with ‘Thanksgiving’ increase 4% vs. 2% in 2023 according to Salesforce. On Thanksgiving Day they amount to $7.5bn, 1% vs. 2023. Opinion of Bankinter’s analysis team: Very preliminary data from which we should not draw too many conclusions. The National Retail Federation forecasts that sales in the Holiday Season (1 November to 31 December) will grow…

In Spain, Spanish economy 2nd January 2024

Spain’s November retail sales rise 5.2% year-on-year, beating 3.9% forecast

BancaMarch : Consumer spending continues to grow strongly in Spain. This morning retail sales for November were published, which advanced at a rate of +5.2% year-on-year, beating the +3.9% forecast. Moreover, the previous month’s figure was revised upwards by three tenths of a percentage point to +5.3%. With these figures, private consumption will continue to support activity at the end of the year.

European economy 18th July 2023

Retail trade in Europe finally shows signs of overcoming Covid

DWS| Zero percent. According to recently released data for May 2023, retail sales in Germany have grown by exactly 0% in real terms since the last month before the pandemic, February 2020. In nominal terms, by contrast, thanks to inflation, sales have grown considerably, by an impressive 17%. However, this is not a sign that consumers are buying more: the amount of goods they received remains unchanged. Despite this, it…

Spanish economy 27th April 2023

Unemployed in Spain in 1Q23 up to 3.13 M compared to 3 M at end of 2022

Bankinter : The unemployment rate has risen in the first quarter of 2023 to 13.26% from 12.87% previously and versus the 13.0% expected. The number of unemployed has risen to 3.13M (as opposed to 3.0M at the end of 2022). The activity rate remains fairly stable at 58.55% (versus 58.52% previously). Analysis: the labour market is deteriorating more than expected and continues to slow down from 12.48% in 2Q 2022;…

Relevant News Item 14th March 2023

Spanish retail sales accelerate 0.4% in January

Banca March : In monthly terms, retail consumer spending grew by +0.4% month-on-month, driving an acceleration in retail sales growth to +5.5% year-on-year. Moreover, if we analyse the performance excluding service stations and corrected for seasonal and calendar effects, a +6.3% year-on-year change was recorded in January. By type of product: Food declined by 1.7%, while others rose by 15.0% (among this item, of note was the increase in personal…

In the World, World economy 19th January 2023

US: Christmas campaign hits $936.3 billion, +5.3% compared to +13.5% in 2021, although above average of last 10 years (+4.9%)

Bankinter| Holiday Season sales (1 November to 31 December) increase +5.3% vs +13.5% in 2021 according to the National Retail Federation. The figure falls short of the latter’s forecast of +6%/+8%. They amount to 936,300 M$ vs 942,600/960,400 M$ expected. According to the Association, part of the purchases were brought forward to October to take advantage of the promotions that were launched across the board that month to reduce inventories….

European economy 5th May 2022

EU: Retail Trade Falls In March (-0.2%) With Spain In The Lead (-4%)

Spain was the country that suffered the biggest monthly fall in retail sales in March, with a decline of 4%. In the euro area as a whole, the contraction was 0.4% compared with the previous month, when it had risen by 0.4 percentage points. Meanwhile, in the EU as a whole it fell by 0.2%, after having risen by 0.3% in February. The data published today by Eurostat also shows…

Spanish economy 30th December 2013

Spanish Retail Sales Go Back to Positive Rates

MADRID | By The Corner Team | The General Retail Trade Index annual change at constant prices stood at 2.0% in November, two points and a half higher than that registered in October.

World economy 21st August 2012

Euro zone: different GDPs, not so much with retail sales

By CaixaBank research team, in Barcelona | Economic slowdown is difficult to stabilise within a context of rising uncertainty that hampers aggregate demand. Economic activity slowed down in the first quarter of the year with negative growth of 0.1% year-on-year, as shown by the detailed figures for gross domestic product in the first quarter. Private consumption continues to adjust, shrinking by 0.6% year-on-year. Gross fixed capital formation has also decreased…