Spending spree to prepare for Three Kings

RESIDENTS in the Balearic Islands will have spent an average €475 over the Christmas period this year.

The average expenditure in Spain is expected to have been around €455, according to a study by the Federation of Independent Users and Consumers.

Most of this amount was spent on food, especially for the meals which were held on Christmas and New Year’s Eve. The remaining amount has been spent on gifts, party clothes, entertainment and lottery.

Despite less being spent this year by residents in the Balearic Island, traders in Mallorca, and especially in Palma, reported a busy last Sunday of the year, in which shoppers showed interest in all sectors, but mainly purchased last-minute items for their New Year’s meal.

The other top purchases of the day were, in small shops, franchises and large shopping centres, toys, ready for the visit from the ‘Three Kings’ on Sunday, when most Spaniards exchange gifts.