The average expenditure of Spanish households rises for the first time since 2008 – Investing.com Spain

MADRID (Reuters) – The average expenditure per household in Spain increased last year for the first time since the onset of the economic crisis, they showed on Monday figures from the National Statistics Institute (INE) .

spending grew 1.4 percent in 2015 over the previous year to 27,420 euros, representing its first rise since 2008.

despite the annual increase, the level of spending is still 13.5 percent lower than in 2008. According to figures from INE, households have spent 4,291 euros less than half in the last eight years.

the Spanish families increased their spending last year mainly in hotels, cafes and restaurants with a rise of 9.1 percent compared to 2014. the increase in spending also focused on equipment for housing and leisure and culture.

Instead, the main expenses of Spanish households in 2015 continued to be housing, water, electricity and fuels. This set concentrated 31.8 percent of the budget of families, followed by food and beverages (15.1 percent) and transport (11.5 percent).

The average expenditure per person also increased in 2015 with an increase of 1.9 percent to 10.960 euros, but remains below the 11,871 euros in 2008, at the beginning of the crisis.

by region, the average cost per person highest were recorded in the Basque Country, Madrid and Navarra, while the Canary Islands and Extremadura were the communities where they spent less individually on average.

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