Two per cent growth forecast for Spain in 2019

The Spanish hardware and DIY market will grow by 2.1 per cent in 2019. This forecast was presented by the Comité de Economía of the Spanish manufacturers' association AFEB (Asociación de fabricantes de bricolaje y ferretería) at its tenth Foro AFEB de Verano. The home improvement market in Spain is dominated by the French Adeo Group, which has a 72 per cent market share. In Portugal its share is 66 per cent, according to the AFEB. The conference heard that online shopping continues to develop strong momentum, even if still at a low level. Growth rates increased from 23.7 per cent in 2018 to 30.3 per cent in the first six months of 2019.