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Sales outlook still so gloomy 

 

Commerce associations in Tenerife have confirmed that 2012 was their worst year since the recession began.

Prospects aren’t looking spectacular for 2013 either as January seems to be continuing the downward trend.

The island’s major trade associations, Fedeco and Fauca say sales were down last year by an average of eleven per cent. Trends varied from area to area but figures suggest the situation was worse in the north of Tenerife with a drop of around 14 to 15%. In the south, the reduction was less at around eight to nine per cent. In the metropolitan area, the average was ten to 12%.

Forecasts for 2013 are pessimistic with no particular improvement on 2012 envisaged.

The data confirmed a bad Christmas with no mitigating circumstances being produced during the New Year sales.

The associations confirmed that every effort was being made to preserve jobs. Fedeco puts the fall in jobs during 2012 at 3.5% while Fauca estimates the figure at 1 or 2%.