In Spain

spanish gdp slows more than expected

Spanish GDP slows more than expected

Bankia Estudios | Spanish GDP slows more than expected. The provisional GDP data for Q219 has disappointed, by registering a quarterly growth of 0.5%, one tenth below our forecast and the Bank of Spain´s estimate.


More sustainable growth in Spanish housing market

More sustainable growth in Spanish housing market: prices will rise c.5% in 2019-20

Caixabank Research | The Spanish housing sector is entering a more mature phase in the cycle, characterised by a weakening in growth in demand and prices. The factors which support the expansion of the housing market (creation of employment, favourable financial conditions and elevated external demand) continue evolving positively but are losing dynamism.



Bank loan survey: in Spain supply tightens and demand slows

Analysts believe this tightening makes sense due to the strong growth in credit consumption in recent years. The metrics for the concession of mortgage credit which already had the highest Loan-to-Value (LTV) in recent years, much higher than in the years of the housing bubble.




During the first quarter, growth was robust in the US and in Spain

Expectations for Spanish GDP growth in 2019 rise to 2.3%

BBVA Research | The recovery of the Spanish economy will continue during the two years 2019-2020. In fact, and despite the risks which still hang over the scenario, growth expectations have been revised upwards one tenth to 2.3% for 2019 and remain at 1.9% for 2020.


Spanish companies and households: less debt and more financing

J.L.M. Campuzano (AEB) | The Bank of Spain has published the financial accounts for the Spanish economy at the end of the first quarter. Consolidated household and company debt fell in the first quarter to 132% of GDP, 4.1 percentage points below the rate the year before. Company debt represents 74.4% and that of households 58.4%.

 


Spanish economy: from strong growth to growth potential

Philippe Waetcher (Ostrum AM – Natixis) | Spain has recovered strongly since 2013. Probably as a reaction to the deep fall of the Spanish economy in 2008 and after the 211-2012 period. This reaction explains the strong performance of the Spanish economy observed in recent years.


European brochure norm comes into effect: end to more burdensome regime for Spanish issuances

From 21 July the regulator (CNMV) will no longer require an expert report on the emission of bonds or structured products aimed at retail investors to ensure the accuracy of the associated brochure. The new European norm on brochures will come into effect on 21 July, so the need for this requirement, which CNMC decided to seek in 2005 for Spanish shares, will disappear.