11/05/2013 00:00
STAFF REPORTER
TRADERS in the Balearic Islands reported yesterday that April appears to have marked an end to the downturn in sales since the start of the year.
A slight recovery was registered last month thanks to a fall in prices, promotional campaigns and discounts, and the fact that Easter this year fell in April. The monthly assessment provided by Pimeco, the small to medium-sized business association of the Balearic Islands, nevertheless said that 73 percent of the businesses taking part in research believed that results for April 2009 were worse than those for the same month in 2008. As a result, and in spite of the slight upturn in trade, sales continue to be insufficient due to lack of consumer confidence. Pimeco said yesterday that retail trade is noticeably weak at the moment.
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