Palma de Majorca.—The National Institute of Statistics (INE) reported yesterday that in the Balearic Islands, there were 10.20 percent more of returned goods in October this year compared to the same month in 2010, and 17.20 percent more than during the previous month of September.

In terms of value of the goods returned in October, said the INE, the 3'188 items returned to suppliers in the Balearic Islands were valued at 9'067'817'000 euros. In the same month in 2010, the 2'863 returned items were worth 6'942'599'000 euros.

The figures suggest, said the INE, that the Balearic Islands are faring worse in terms of being able to keep up hire purchase payments than the country as a whole. At a national level, the number of returned goods in October this year totalled 327'906, a downturn of 1.8 percent in comparison with the same month in 2010. The value of the returned goods stood at 668 million euros, 10.9 percent more than in October 2010.

The INE's report for October reveals that 66.8 percent of hire purchase goods were being paid for that month through banks, 27.3 percent through building societies and savings banks, and the small remainder through credit cooperatives. The number of unpaid items being paid for through building societies has decreased by 3.1 percent, and by 2.7 percent in banks, but in credit cooperatives, the toll has risen by 19.5 percent.

Extremadura and Murcia are the regions of the country where the average value of returned goods is the highest, 3'228 and 3'153 euros respectively, whilst in Catalonia the average value of goods which remain unpaid for is the lowest at 1'418 euros.

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