Industry Analysis Report: Spain October 2025 Retail Sales Growth

On November28,2025, Spain’s National Statistics Institute (INE) reported retail sales rose3.8% YoY in October (calendar-adjusted, ex-inflation), a slight slowdown from September’s revised4.1% [1]. The sector shows resilience amid inflationary pressures.

Spain’s retail sector maintained momentum with 4.3% year-to-date growth [2]. Key drivers:

• Food sales
  :4.3% YoY (staple foods, value-added products) [2].
• Non-food
  : Domestic equipment (+6.1%), healthcare (+5%) [2].
  Spain’s Oct inflation (3.1% vs Eurozone’s 2.1%) [3,4] slightly moderated spending, but retail confidence improved by 1.0 point [4].

• DIA
  : 8.2% Q3 sales growth, 10bps market share gain (proximity stores, private label up9% YoY) [6].
• Discount chains gain traction as consumers seek value.

• Private label growth (DIA’s 9% YoY) [6].
• Tourism recovery supports sales [5].
• Fast-growing segments: Frozen fruit (convenience), herbal products (wellness) [5].

• Retailers: Focus on value and proximity stores.
• Suppliers: Align with private label/convenience trends.
• Investors: Consider discount chains like DIA.
• Policymakers: Monitor inflation to support spending.

1. Inflation (Spain’s Nov rate down to 3.0% [7]).
2. Consumer confidence.
3. Tourism flows.
4. Discount retailer competition.
5. E-commerce expansion.