Spain Retail Report Q1 2016

Spain Retail Report Q1 2016

BMI View: For the first time in five years of recession, Spain's economy recorded positive growth in 2014,rising by 1.4%. We are expecting growth in 2015 to reach 2.7%. This return to positive growth is helping toease the high levels of unemployment which in turn is stabilising the retail market. Households aregradually becoming more confident owing to rising disposable incomes, and this will help to boost realsales in the country.

Spain has continued to recover from its financial crisis and has made notable improvements over 2015. RealGDP is expected to reach 2.7%, which is above the EU average. 2015 is also expected to be the first yearsince the financial crisis began in 2008 when real GDP has expanded for two consecutive years. We believethat this reflects the current momentum within the economy. The increasing levels of economic activity areplaying an important role in bringing down the stubbornly high rates of unemployment. Spain currently hasthe second highest unemployment rate within the EU, which is forecast to drop only slightly to 21.3% in2016. Owing to gradual improvements in the business environment, firms are more able to hire workers tosupport their expansion and this will mean that the jobless rate will continue to fall lower. We expect theunemployment rate to reach 18.0% by 2019 and this should provide an important boost the growth ofhousehold income and total retail sales.

BMI Industry View
Retail SWOT
Industry Forecast
Headline Retail Forecast
Table: Total Household Spending (Spain 2012-2019)
Table: Retail Sector Spending, % Of Total (Spain 2012-2019)
Table: Retail Sector Spending, % of GDP (Spain 2012-2019)
Table: Headline Retail Sector Spending (Spain 2012-2019)
Retail Sector Forecast
Food, Drink & Tobacco
Table: Food, Drink & Tobacco Spending (Spain 2012-2019)
Clothing & Footwear
Table: Clothing & Footwear Spending (Spain 2012-2019)
Household Goods
Table: Household Goods Spending (Spain 2012-2019)
Table: Consumer Electronics Spending (Spain 2012-2019)
Personal Care
Table: Personal Care Spending (Spain 2012-2019)
Household Numbers and Income Forecast
Table: Household Income Data (Spain 2012-2019)
Table: Labour Market Data (Spain 2012-2019)
Demographic Forecast
Table: Total Population (Spain 2012-2019)
Table: Population: Babies (Spain 2012-2019)
Table: Population: Young Children (Spain 2012-2019)
Table: Population: Children (Spain 2012-2019)
Table: Population: Young Teens and Older Children (Spain 2012-2019)
Table: Population: Young People (Spain 2012-2019)
Table: Population: Older Teenagers (Spain 2012-2019)
Table: Population: 21yrs + (Spain 2012-2019)
Table: Population: Young Adults (Spain 2012-2019)
Table: Population: Middle Aged (Spain 2012-2019)
Table: Population: Urban (Spain 2012-2019)
Macroeconomic Forecasts
Economic Analysis
Table: Spain - Economic Dashboard
Industry Risk Reward Ratings
Developed States Risk/Reward Index
Table: Developed States Retail Risk/Reward Index, Q116
Spain - Risk/Reward Index
Market Overview
Competitive Landscape
Department Stores
Mass Grocery Retail
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Retail Risk/Reward Index Indicators
Table: Weighting Of Indicators

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