Spanish businesses selling clothing, home textiles and accessories for both areasincreased operating volume by only 1% this month September. That is, a “nearly zero” evolution in which the industry depends on high temperatures (which already collide head-on with storefronts full of jackets and scarves). Loss of customer purchasing power. These are the result of: Akotex, Textile, Accessory and Leather Trade Business Association It is a company that includes nearly 800 companies in this sector and reports the decline they are starting to perceive in consumption with this barometer.
According to your historical data this is true This was the smallest increase in sales in two years (excluding the 5.7% drop recorded in May) and the rate has slowed down noticeably since then July. Activity then increased by 6.3% compared to the previous year; inside Augustachieved this by 3.2% and SeptemberThis figure dropped a further two points to 1.2%.
“This means almost zero increase in sales, mainly due to the impact of high temperatures, combined with the increase in interest rates, which directly affects the market.” mortgage payments-, HE shopping cart increaseetc., resulting in the customer having less and less disposable income,” their analysis said in a statement. president of the organization, Eduardo Zamacola. “A reduction in consumption is starting to be noticed,” he concludes.
Actually, Sociological Research Center (CIS) just posted this: Consumer confidence index There was a decrease between July and September. And the x-ray he released last week comertia, Catalan Association of Family Retail Businessesconfirms this: September’s monitor reflects the modest growth rate in 28 months, mainly due to motivation. Sales decreased in the fashion industry 1.1% and 6.7% products for home furnishing.
“Uncertainties continue in the last quarter of the year macroeconomic data, government formation And Concern about autumn/winter clothing sales due to weather conditionsZamácola warned that temperatures were too high at the beginning of the last quarter, emphasizing that, according to data managed by the organization he heads, the accumulated sales increase so far this year is secretly 3.8%. For reference, we finished 2022 with almost 14% activity growth.