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Card spending is reduced in October due to new restrictions

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Spaniards bought more with a credit card in October, specifically, 0.6% year-on-year. This is 3% less than in September. Face-to-face purchases have lost demand (-1%). This comes as a reaction to Covid restrictions.

Consumption has increased in 42 Spanish provinces and decreased by 10. This is shown by the analysis carried out by BBVA Research, who have wanted to expose the impact of Covid in consumption in Spain.

The purchase of tourist trips, transport and fashion have been seen in descent. As well as expenses related to beauty, leisure activities and restoration. But nevertheless, spending on food has increased, home equipment, health, book and dam and technology; producing a compensation between both.

The provinces that increased their spending on consumption, a 16% year-on-yearThey were Melilla, Teruel, Cádiz, Huelva, Albacete, Guadalajara and Ávila. The contraction was greater in the Balearic Islands (-35%), León (-20%), Barcelona (-15%) and Las Palmas (-13%).

. (tagsToTranslate) spending (t) card (t) reduces (t) October (t) due (t) new (t) restrictions (t) Category: All (t) Category: Economic News



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