Balearic consumption has stagnated according to BBVA report.

Balearic consumption has stagnated according to BBVA report.

03-07-2020Jaume Morey

The Balearic Islands are one of the few regions in Spain where domestic consumption didn’t take off at the start of the new normal, according to a report by the BBVA Research Service, which claims that consumption has stagnated in the Islands.

BBVA says information from its bank cards along with the expenditure of other clients via its dataphones, shows that in the week of June 22-28, spending with Spanish cards grew in every province except the Balearic Islands, Huelva, Madrid and Castellón.

The Balearic Islands also had the biggest decline in card spending in June with a year-on-year fall of 20%.

The lack of tourism can’t be directly attributed to the drop in spending because cards issued abroad are not included, but foreign spending has a direct impact on Balearic residents, who are financially dependent on tourism.

Traders and Restaurateurs, who opened their doors on May 11, say they’ve noticed a lack of domestic consumption and that bringing the summer sales forward made little or no difference.


Concern over an uncertain future has caused a contraction of consumption amongst Balearic residents, as unemployment increases and a high percentage of workers are affected by ERTEs.


The content of comment is the opinion of users and netizens and not of

Comments contrary to laws, which are libellous, illegal or harmful to others are not permitted'); - reserves the right to remove any inappropriate comments.


Please remember that you are responsible for everything that you write and that data which are legally required can be made available to the relevant public authorities and courts; these data being name, email, IP of your computer as well as information accessible through the systems.

* Mandatory fields

Currently there are no comments.