In Spain

Espana Bandera Mapa

Spain’s 4Q23 GDP figure confirms 2% annual growth, 1/10 of a percentage point higher than in previous quarter

In Spain, the final 4Q GDP data brings no news and confirms the +0.6% quarter-on-quarter growth, which puts the year-on-year advance at +2%, one tenth of a point above the previous quarter. This growth was entirely supported by domestic demand, which contributed +2.1 p.p. to GDP, while foreign demand retreated one tenth of a percentage point. In quarterly terms and analysing the data for the main demand aggregates, household final…

Read More

YolandaDiaz

Rising labour costs in Spain (5.2% vs. 3.4% in eurozone) and economic policy uncertainty, Bank of Spain’s concerns

Banca March: Economic policy uncertainty and rising labour costs, the two concerns of the governor of the Bank of Spain, Hernández de Cos, who pointed out the need for greater regulatory quality and a strengthening of business confidence, in a political context in which companies are negatively impacted by the situation of uncertainty. All this, accompanied by an increase in non-wage labour costs -see graph- at the top of the…