The economy in Italy, Germany and United Kingdom reinforces the good perspectives for Ibiza
The increase of the price of the petroleum and the numbers of unemployment in the tourist emitting countries are the main threats for the tourism in Ibiza in a year that has begun with evident symptoms of improvement in the private consumption.
The European economic scene walks towards a moderate recovery in spite of the increase of the price of petroleum. La Caixa (Spanish Bank report aserts , that "...the European economy will grow around a two percent this year. The the consumers' confidence recovery allows us to anticipate a positive tendency, and this is very good news for Ibiza. The economic recovery of its main emitting markets: United Kingdom, Germany, France and Italy, consolidate expectations to increase the number of tourists for this season".
The report of ` the CaixaŽ insists that the increase of petroleum price continues being the main factor for the present level of inflation and it is harming the air services because it increases their prices.
Germany sent 284,316 tourists to Ibiza in 2005, a 2 percent more than in 2004. Nevertheless, this is one of the countries that sent fewer tourists to the island in the last years because of Germanys' precarious economic situation. The German economy is far from economic stability, because the rate of unemployment is a 11,3%.
The United Kingdom sent last year 583,915 tourists to Ibiza and Formentera, 5.9 percent less than in 2004. After several months of weakness that had worried the British government. But family consumption seems to be accelerating, according to retail sales and the confidence of the consumer.
In Italy, with it's new government, the economy gives us less dissapointing data than those of the prior months, in which the private consumption was characterized by extreme atony. The evolution of the prices in Italy is positive. Another positive data is the increase of exports, a 11 interannual percent more after several months of losing terrain.
The French market in Ibiza and formentera was reduced by 13.8% last year. The new law of employment and the problem of the disturbances in the suburbs have not helped the country in the last months.
This news article was translated and modified from the spanish version at www.diariodeibiza.es the local leading newspaper with news of Ibiza and the rest of the world.
Find more news and information about Ibiza in spanish here
The European economic scene walks towards a moderate recovery in spite of the increase of the price of petroleum. La Caixa (Spanish Bank report aserts , that "...the European economy will grow around a two percent this year. The the consumers' confidence recovery allows us to anticipate a positive tendency, and this is very good news for Ibiza. The economic recovery of its main emitting markets: United Kingdom, Germany, France and Italy, consolidate expectations to increase the number of tourists for this season".
The report of ` the CaixaŽ insists that the increase of petroleum price continues being the main factor for the present level of inflation and it is harming the air services because it increases their prices.
Germany sent 284,316 tourists to Ibiza in 2005, a 2 percent more than in 2004. Nevertheless, this is one of the countries that sent fewer tourists to the island in the last years because of Germanys' precarious economic situation. The German economy is far from economic stability, because the rate of unemployment is a 11,3%.
The United Kingdom sent last year 583,915 tourists to Ibiza and Formentera, 5.9 percent less than in 2004. After several months of weakness that had worried the British government. But family consumption seems to be accelerating, according to retail sales and the confidence of the consumer.
In Italy, with it's new government, the economy gives us less dissapointing data than those of the prior months, in which the private consumption was characterized by extreme atony. The evolution of the prices in Italy is positive. Another positive data is the increase of exports, a 11 interannual percent more after several months of losing terrain.
The French market in Ibiza and formentera was reduced by 13.8% last year. The new law of employment and the problem of the disturbances in the suburbs have not helped the country in the last months.
This news article was translated and modified from the spanish version at www.diariodeibiza.es the local leading newspaper with news of Ibiza and the rest of the world.
Find more news and information about Ibiza in spanish here
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