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Survey: Spanish consumer sentiment during the coronavirus crisis

Spanish consumers continue to reduce their spending across almost all categories as a result of COVID-19, with the exception of household essentials.

Spanish consumers continue to feel the economic effects of the COVID-19 crisis, and their pessimism and uncertainty about economic recovery has remained at a steady level since March. While spending intent remains negative across most categories, some categories are seeing a rise in the last three weeks. Consumers are waiting for the endorsement of medical authorities as well as lifted restrictions prior to reengaging in out-of-home activities, and are worried about using shared services like public transportation and ride sharing.

These exhibits are based on survey data collected in Spain from June 19–21, 2020. Check back for regular updates on Spanish consumer sentiments, behaviors, income, spending, and expectations.

About the author(s)

Ignacio Marcos is a partner in McKinsey’s Madrid office, where Jorge Omeñaca is a specialist, Mianne Ortega is a director, and Carlos Sánchez Altable is an associate partner; Yvonne Staack is a senior expert in the Hamburg office.

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