Spanish Spend Nearly 6% More in January Sales
January 2nd, 2012
The Spanish will spend an average of 90 euros in the winter sales, which represents an increase of nearly 6% over the previous year, according to the Independent Consumers Federation (FUCI).
After four years of declines, spending on the purchase of products during the winter sales, which begin today in the communities of Madrid and Murcia, will rise for the first time since the economic crisis began, according to a survey conducted by this organisation questioning a sample of two thousand consumers.
El Economista reported that the results show that each Spaniard will spend an average of 90 euros on sales goods, which is a 5.8% increase over the previous year.
The FUCI president, Gustavo Samayoa, said that this increase in expenditure is mainly due to many consumers deciding to postpone their purchases until the sales begin, in order to take advantage of the discounts on offer so that they can save a few euros.
74% of respondents plan to spend more than in the previous year, while 26% said they will spend less due to having less purchasing power as a result of the economic crisis.
Two out of three Spanish intend to spend in the sales, with 78% inclined to purchase clothes which tend to have the biggest discounts due to their seasonality.
The remaining consumers plan to buy accessories (11%), new technologies (6%) or items related to leisure and recreation (4%).
Only 48% of respondents said they would set a budget and make a list before leaving home, with 73% of those saying the list was to help control their spending and 27% saying it was so they wouldn’t forget anything.
The communities of Madrid and Catalonia will spend most in these sales with the Madrileños spending an average of 105 euros and the Catalans, 98 euros.
The Canary Islanders and residents of Castilla La Mancha will spend the least with 81 euros and 83 euros respectively.
Despite this first increase in spending in the winter sales since the economic crisis, the average spend is still 27.2% lower than in 2007.
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