Palma.—A report released by Central Government's National Institute of Statistics (INE) yesterday also showed that over the first nine months of the year, income for retail businesses in the Balearic Islands has fallen by 4.3 percent in comparison with the same period in 2010, whilst employment from January to September in 2011 was up by 0.7 percent compared to the first nine months of 2010.

The Balearic Islands, however, has been faring better than the country as a whole as the same researchers pointed out that retail trade at a national level last month was 5.5 percent worse than it had been in September 2010.

Retail figures for Spain as a whole last month were 3.8 percent worse than those registered in August, the INE said.
And looking at trade in the sector from January to September this year, the study shows that income at a national level was 5.4 percent less than during the first nine months of 2010.

Unlike the Balearics, employment in the retail sector is declining across the country as a whole with 0.4 percent less jobs last month being registered in comparison to those on record in September 2010. Nationally, there were 0.2 percent less jobs last month than there were in the previous month of August.

The INE report made it clear yesterday that there was no escape from the worsening statistics as all regions of the country suffered year-on-year losses in terms of income from the retail industry.

Those suffering the highest slump in retail trade were the regions of Andalucia, where the year-on-year downturn last month was -8.5 percent and Murcia (-7.4%); by way of contrast, those registering the least decline in business were the regions of Extremadura (-1.1%); and the Canary Islands (-2.6%). Employment in retail slumped most in Murcia and Andalucia but was up in the Canary Islands and Castilla y Leon by 1.6% and 1.2% respectively.

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