Spanish Retail Sector Recovers And Grows In First Quarter
The Spanish retail market continues to recover at a good pace, a study has found. According to the 'Global Shopper' study, conducted by customer behaviour firm Footfall, Spain recorded the second-highest footfall increase in the first quarter of the year, second only to Ireland.
Spain registered an increase of 1.8 per cent in the number of visitors to shops between January and March 2016 compared to the same period in 2015. Ireland's hike has been of 2.2 per cent. Both figures are way above those from other European countries, such as Germany (0.7 per cent), Italy (p.7 per cent), UK (0.7 per cent) or France (0.9 per cent).
"The Spanish economy continues to emerge, and at the same time political uncertainty continues to slow that growth," said Ezquiel Durán, Footfall's Regional Director for Spain and Portugal. He added that the lack of government since December is affecting both public and private investment, while consumer trust has also declined in the past three months.
"Despite that, a prosperous inter yearly PIB growth of 3.4 per cent and the decrease in unemployment maintain commercial activity in positive figures regarding footfall and sales," Durán said.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.