Supermarkets are better blocked by the blow of blackout than fashion stores and bars
Electric blackout frozen the peninsular spain Last May 28 Not just to leave prisoners and mobile without line. Restaurant disrupts kitchens, deactivates cash registers of shopping centers and disconnecting the electronic means of digital payment and servers. However, its economic impact is not uniform. Some fields are fully watching all their operations, and some are adapted to reduce the interval. Dystopian was the same on Monday: fashion companies, recovery and restoring activities are declining, however, Other sectors such as distribution bear the blow.
Two weeks after the Great Blackout, BBVA Research, Studies Center of the Financial Entity, in that episode, and later in the episode, analyzed his customer’s cost model in the episode. Analysis of sectors, explains the center, shows a wide fall of purchases made by residents of the provinces affected by cutting light, Although with a variation. Above all, he emphasizes the adjustment of the bottom adjustment in fashion, health and electronics and communications, where the cost of Holidays in April 2024 is up to 60%.
On the other hand, there is an effect Very small size on supermarkets and large surfacesDrops between 20% and 30%. Other sectors, such as home materials, electronics and communications, transport and rest, recorded a decline between 45% and 55%, the total average setbacks of 41 points.
It is necessary to compare the same period in the previous year because the utility procedures are different every week and every month. However, the tendency is maintained if the days are taken before the blackout.
It is difficult to explain the causes of these conflicts and the great resistance of distribution and supermarkets. “We don’t have a safe answer,” BBVA has admitted that Spain’s chief economist Miguel Cardoso has admitted from BBVA research. “But you have the opportunity to reflect different utility procedures in the daytime: before observing the light erosion, the morning is concentrated on food and large surfaces,” he said.
Two days later Blackout All sectors recorded purchases than those who were a year ago. And the most favorable consequence of supermarkets and large surfaces is observed, so these fields are the winners of themselves Both of the electric fall day and after. One reason, Cardoso continues, “It is necessary to confirm the minimum food list in the new emergency.” In areas that are not directly affected, in fact, the cost of almost all sectors on April 28 has been slightly reduced, excluding supermarkets, and then returned.
Although “we cannot be sure”, the doctrine of prevention effect earns the amount. It is strengthened by the behavior of cash withdrawals, again according to the entity data. Residents in the islands who do not suffer from cuts have raised their demand for extraordinary money. People with peninsular Spain followed this behavior in the days after blackout. “It reflects the perception of greater danger to remain again without liquidity in the case of a new event,” said Cardoso.
The Bank Studies Center also analyzed the territorial topic. At the regional level, there is a generalized decrease in card purchases in affected areas. In provinces with great waterfalls They are bordered by Madrid such as Valencia and Segovia, Kuenka, Guadalajara and Evila. Others are highlighted like Koran, Pontevedra, Lilida and Jain. “Each province can have a certain variation from the moment of light returning and the overall cost of cash, which is high in precautionary money balance,” although it is difficult to verify carefully.
During the week before blackout, the cost showed a lot of similar levels per previous year in all provinces. However, two days later, they all recorded more than exercise, “proving a rapid regional restoration.”
