The Spanish economy is in the “champions league” in terms of GDP growth, but has failed the deficit, unemployment and debt exams. The autumn forecasts from the European Commission raised the deficit non-compliance to 4.7% of GDP for this year and 3.6% for 2016, well off the levels of 4.2% and 2.8%, respectively, previously agreed with Brussels.
Car production in Spain rose 26.7% in September, as the country’s automotive plants assembled about 9,000 vehicles per day, their highest production level since April 2008.
Fernando Barciela | Spain has some abilities, which were inconceivable three decades ago. A position which has been achieved through our companies’ hard work,” says Regino Moranchel, former CEO of Indra, the leading Spanish technological company and one of the four most important European companies by stock market capitalisation.
Spanish public administration debt fell by €12.7 billion in July to €1.040 trillion
Deutsche AWM | Capital is moving beyond Madrid and Barcelona. Yields continue to fall and are now close to historical lows. Positive yield impact is to have run its course mostly by end-2016.
Spain’s annual GDP growth accelerates to 3.1% thanks to consumption uptick.
Spain’s international tourist arrivals data continues to beat records, with 38 million visitors in the January-July period.
Spain’s exports continue to rise and over the last five months have produced a welcome shift in the country’s trade balance.
La Caixa Research | Although the trend of permanent contracts over the last year makes Spain’s labour situation look more promising, it is vital to continue working to ensure new jobs are created on a solid basis.
The Corner | July 23, 2015 | The Spanish economy grew by 0.9% q/q in Q1 15. Q2 data suggest that activity accelerated to 1.1% q/q, taking full-year 2015 growth to 3.3%, on Barclays estimates. “We think that the risks to the Spanish growth outlook are balanced, especially as the likelihood of Grexit has dropped,” the bank analysts commented on their July economic bulletin.