The footfall at shopping centres in May was up 6.2%, bringing the 2021 cumulative figure to 24.2%, according to Sensormatic Solutions’ ShopperTrak index. The increase compared to May 2020 reached 208.2%, when most shopping centres remained closed due to the pandemic.
Consumer confidence increased by 11.2 points after the end of the state of alarm on May 9. The increase was the highest in a year due to the vaccination rate and positive economic forecasts. Also, the normalisation is leading to increased tourist arrivals and domestic travel.
BBVA Research, in its report ‘Situación Consumo’, forecasts a strong recovery in consumption in the second half of the year. It believes that European funds will potentially be a catalyst for increased demand, providing an outlet for household savings in 2020.
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