Retail sales recover in June and are up 17.8%

Retail sales recover in June and are up 17.8%

Retail sales recover in June and are up 17.8%

Sales in retail trade increased in June by 17.8% compared to May, driven by the de-escalation and the opening of stores after the state of alarm by COVID-19, although they continue to be lower than the same period of the previous year in 3.3 percent.

According to data released this Wednesday by the National Institute of Statistics (INE), the accumulated retail trade during the first six months of the year is 10.6% lower than that registered in the first half of 2019.

Employment in retail trade fell by 3.7% compared to June 2019 and is the largest decrease since October 2009.

Sales of large stores are those that registered the highest monthly growth, 45.1% compared to May, while commerce in single-location companies grew 16.3% and small chains 34.7% and large chains 5.7%.

Compared to a year ago, the sales of large chains registered increases of 2.8%, and that of large stores, 1.9%, which has already exceeded the levels of a year ago.

Consumers have preferred large chains and department stores for food purchases, with sales increases of 7.9% and 8.5%, respectively, in the first half of the year compared to the same period in 2019.

The confinement of homes has meant that during the first semester food products have been the goods with the highest sales volume, maintaining levels similar to those of last year and, in some months, even higher.

Thus, compared to June 2019, food retail sales have been only 0.4% lower (2.7% if inflation is taken into account). So far this year they are already 3.8% above (1.2% with deflated data).

On the contrary, the sales of the rest of products have suffered a strong setback, with a peak of falls in the month of April and a recovery in the form of V in May and June, until reaching, as a whole, the levels of June of the previous year , according to the INE in a statement.

On the other hand, sales at service stations have decreased by 23.6% compared to June 2019 due to the fact that mobility throughout Spain has not been allowed until the fourth week of June, to which is added the maintenance of teleworking in companies and the decline in tourism

Electronic commerce continues to maintain significant growth, with a year-on-year increase of 71.2% in June, despite the fact that it fell by 2% compared to May, motivated by the return to the new normal and the opening of stores.

By autonomous communities, sales of the Spanish retail trade as a whole fell in June in the annual rate in twelve autonomous communities in June and rose in five.

The largest increases were recorded by Asturias (3.7%), Madrid (1.6%) and Galicia (1.1%). The Balearic Islands (-21%) and the Canary Islands (-11.9%) recorded the most pronounced decreases, due to the fact that they are the communities most dependent on tourism, followed by Catalonia (-7.0%).

Employment in the sector decreased in all the Autonomous Communities in annual rate and it was also the Balearic Islands that registered the greatest fall (11.3%), followed by the Canary Islands (6%) and Andalusia (4.7%), Navarra (4.3 %) and Murcia (4.1%).

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