retail sales

unemployment spain

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;…

shoppers retail sales gro 014

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…

US retail holiday season 2022

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….

Retail Eurozone

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…


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…