Spain’s retail sales rose +0.4% MoM in August 2025 (seasonally and calendar adjusted), while annual growth eased to +4.5% YoY from July’s +4.7%, showing continued resilience but at a slower pace.

• The adjusted YoY rate of +4.5% was 0.2 ppts lower than July, while the unadjusted series slowed to +3.0% YoY (down 1.3 ppts).

• MoM sales growth of +0.4% was 0.8 ppts stronger than July, indicating a firmer short-term trend.

• Excluding service stations, retail sales rose +0.3% MoM, suggesting broad-based underlying strength.

• Food sales inched up +0.1% MoM, while non-food products increased +0.8%, supporting the overall gain.

• By distribution type, small chain stores posted the largest MoM rise at +1.9%.

• Retail sector employment increased +2.0% YoY, highlighting ongoing labor market support.