E-commerce in Spain break records but slows down expansion

E-commerce in Spain continues to break records despite the overall deterioration and economic recession.

According to the reports, the Commission’s Telecommunications Market (CMT), has a massive turnover amounted to 2,640.8 million Euros from April to June. It reaches a new era because each Internet access is becoming increasingly
widespread and overcome the fears to make purchases online.

However, weak consumer spending, which fell 1% in this period, according to the INE, has also taken its toll in the sector. Because of which, purchases made ??through the network slowed their pace of expansion as compared to the
start of the year.

Thus, compared to 19% advance on year that started with exercise, growth slows to 13.7%. This represents the smallest increase since the third quarter of 2009, when Spain was also in recession.

The report also reveals that the CMT during the second quarter of 2012 were carried 36.7 million transactions, a figure identical to the previous quarter, representing a growth of 17%.

Following less positive data statistics, the trade balance remains negative this quarter and the deficit reached 743.4 million Euros.

The economic pillar is generated mainly distributed between travel agents and tour operators (13.8%) and air transport (13.8%).

They were followed in the classification of industries with higher turnover on direct marketing (6.5%), inland passenger transport (4.8%), gambling and betting (3.5%), the performing arts, sports and recreation (3.4%), advertising
(3%) and clothing (2.5%).

Moreover, the buying and selling of goods and services via the Internet from overseas turnover recorded 1137.9 million and represented 43.1% of the total. Meanwhile, online trade in Spain also increased and accounted for 42%, reaching
a total of 1108.4 million.

The CMT takes to account transactions by credit card. By contrast, excludes purchases by bank transfer, cash, or other payment method other than credit card. For example, payment methods like PayPal and computed transactions related
to credit card and not linked to a bank account.

Short URL: https://www.newspakistan.pk/?p=35517

Posted by Farasat Ali on Nov 28 2012. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry