Spain | Heavy rainfall weighs on consumption in Andalusia

Summary

Heavy rainfall and flooding, together with the continuation of the railway disruption between Madrid and Andalusia, led to a sharp deterioration in consumption in the affected Andalusian provinces during the first week of February.

Key points

• Key points:
• Domestic card spending fell by 6.2% year-on-year, with a -12.7 pp growth differential versus the rest of Spain.
• Foreign card spending declined by 12.1% year-on-year, in contrast to the growth recorded in the rest of the country.
• Domestic tourism to the affected provinces dropped by 23.8% year-on-year, further widening the gap with the national average.
• Bilateral Madrid–Andalusia flows were especially impacted: spending by Madrid residents in the affected provinces fell by 27.2% year-on-year.
• The sectoral impact was widespread, with the largest relative declines in travel, restaurants, and services, while food and electronics showed greater resilience.

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