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Retail sales recover with the end of the state of alarm

According to the INE, these rose 18.7% in June

Retail sales grew 17.8% in June, coinciding with the end of the state of alarm and the return to the “new normal”, says the Statistics National Institute (OTHER).

  • In May, the variation was 1.6 points more, to 19.4%, but it recovers part of what was lost in the months of March and April when the drops in retail sales were 15.7% and 20, 1% respectively.
  • Given the generalized trade opening, online commerce fell 2.0% in monthly rate.
  • Retail sales fell 3.3% year-on-year. In seasonally adjusted data, a 4.7% decrease was registered and they are recovering normal levels after the last crashes, which indicates a recovery in “V”.
  • In the first six months of 2020, retail sales fell, on average, by 10.6%. In seasonally adjusted data, 11%.
  • As for employment in retail trade, it fell 3.7% year-on-year. This is its biggest decline since October 2009.
  • By Autonomous Communities, tourism was the ones that suffered the most in June with falls of 21% in Baleares, in interannual rate, Canary Islands, with a decrease of 11.9% and Catalonia, with a 7% drop.

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%, small chains 34.7% and large chains 5.7%.

The situation of 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.