spanish economy

Business in Spain at a glance

Círculo de Empresarios | In Q3 2019, the Competitiveness Trend Index 1of Spain fell by 0.8% in comparison to the EU-28. This confirms that, since January, the competitiveness via prices of the Spanish economy has improved due to the moderation of the CPI (0.1% interannual in October).

The Spanish economy at a glance

Círculo de Empresarios | In August, Spain recorded the third largest economic slowdown among OECD countries, after Ireland and Slovenia. Between January and August, the arrival of international tourists to Spain increased by 1.5% year-on-year and tourism spending increased by 3.2% year-on-year.

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.

Spain lacks activist investors

Carlos Sáez Gallego: “Spain is a country which has not seen activist shareholders”

Fernando G. Urbaneja | Carlos Sáez Gallego presides over the oldest of the three global proxy solicitors in Spain (1935), those entrusted with securing votes in support of the Board´s proposal in the shareholders´ general assembly. There “we recommend Spanish listed companies to international standards of corporate governance … 47% of their shares lie in international portfolios. That, which is good, sign of confidence, means more pressure to comply with those standards”.

The Spanish economy is waiting for a new government

Spanish Economy Is Waiting For A Government

Joan Tapia | The Bank of Spain, by raising its growth forecast for 2019 from 2.2% to 2.4%, has confirmed that the Spanish economy has begun the year better than expected. Thus are undone the catastrophic forecasts of some analysts and the political right.

The second economic transition for Spain

Spanish Economy: Worrying background music “ma non troppo”

Joan Tapia ( Barcelona) | The Spanish economy is doing somewhat better than expected, but both the slowdown and the extent to which governability depends on Podemos are worrying. We have spent weeks talking about the slowdown, but in the end GDP growth for the first quarter was 0.7%, compared to 0.6% in the last quarter of 2018 and 0.5% in the quarter before that.

Spanish household income will increase around 4% between 2019 and 2021

CaixaBank Research | The Spanish economy has spent four consecutive years growing above the Eurozone average. At the same time, the savings rate has fallen to historic lows. Although this would seem to suggest that households have limited room to manoeuvre in their consumption decisions if the economic context worsens, it is still too soon to draw this conclusion.

Spanish socialist leader Pedro Sánchez's agenda

Spanish economy: when elections cloud the data

Ana Fuentes | Spain and the US are the only developed countries which are going to grow more than 2% in 2019 according to the IMF. On the case of Spain, exports, which were driving the country’s growth, have weakened, but domestic demand has grown. The risk premium is just below 100 basis points, compared to Italy’s 250 b.p. But beyond the data, the analysis is currently conditioned by the effect of the electoral campaign.

Spain’s financing capacity at minimal levels

Bankia Estudios |  Although the Spanish economy continued generating financing capacity, it finds itself on a downward trend, burdened by the deterioration of the external environment, so that it closed last year at post 2014 lows (1.5% of GDP). The correction of the public deficit has been amply compensated for by the deterioration in the financial position of the private sector, above all of households which, with savings rate at historical lows, have registered financing needs for for the second consecutive year.