Spain’s Christmas spending slashed

LAST UPDATED: 7 Nov, 2013 @ 20:10
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Spain’s Christmas spending slashed

CHRISTMAS spending in Spain is forecast to fall 11.5% this year as the recession continues to affect families across the country.

Spending has fallen almost every year since 2008, and leisure has taken the biggest hit, according to data from the Federation of Independent Users and Consumers (FUCI).

Spending on weekend breaks and hotel stays has fallen 71% in the past five years, while outlay on toys and gifts has been cut 34%.

Lottery ticket sales are projected to be especially weak this year, at 21% lower than in 2012.

Total spending per person in Spain is likely to be around €500 this year, €300 less than the average in 2008.

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