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Learn moreNov 2020
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The financial and economic impacts of the COVID-19 epidemic are forcing many consumers to significantly cut back on their discretionary spending in 2020, particularly on big-ticket items such as automobiles and durables. Discretionary spending is not a priority for many Spaniards as the country was badly hit by the global pandemic.
Many Spanish consumers are clearly avoiding all types of new borrowing commitments during the COVID-19 pandemic and focusing their expenditure on essentials such as food and hygiene products. Auto lending and home lending are both set to witness massive declines in 2020 as a result.
The outstanding balance in Spain had been declining over the early part of the review period as many consumers looked to pay off existing debt after their experiences of the economic difficulties Spain had faced prior to this period. However, the outstanding balance had begun to creep up in 2018/2019 as consumer confidence began to recover.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Credit industry in Spain with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Credit industry in Spain, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s Consumer Credit industry reports, originate from our Passport database, to find out more click here.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.