spanish economy

Worker in cargo

Spanish PMI: Manufacturing new order growth accelerates

The Corner | May 4, 2015 | For the past 17 months, operating in the Spanish manufacturing sector has been easier (more output and new orders were registered), thanks to an increasing client demand, according to the last PMI data released by Markit, although the firm’s indicator posted 54.2 in April, down fractionally from the reading of 54.3 in March. 

Spanish economy

The loose ends of Spanish economy

MADRID | April 28, 2015 | By Carlos Díaz Güell | The Spanish economy is certainly turning the corner as evidenced by its growth rate, possibly exceeding 3% this year, and employment data, although both indicators are cooled down by analysts who believe growth in the medium and long term may be hampered by too many mortgages.

No Picture

After years of hard assessment, is Spain the IMF’s new favorite?

The Corner | April 18, 2015 | The IMF raised growth expectations for all the major economies in the Eurozone – especially Spain to 2.5% in 2015 and 2% in 2016- and for Japan. The new figures, the sixth improved forecast in a row– are more aligned with Madrid expectations (2%, although the Minister of Economy even forecasts a 3% growth). Low oil prices, the euro depreciation and the ECB’s monthly liquidity shots are the three aces of the Spanish government, who is hoping to retain the power in the next general election despite the popularity of new parties.

Spanish economy's challenges

Unemployment falls in Spain

MADRID | March 3, 2015 | By Fernando G. Urbaneja | The creation of  13,500 new jobs in January is in line with encouraging figures elsewhere in the Spanish economy. While there will rightly be optimism in the wake of the latest data, the worrying plight of the youth and long-term unemployed continue to cause concern.

Spain jobless figures

‘Mostly’ positive signs for Spanish economy

MADRID | March 1, 2015 | By  Sean Duffy | With positive figures being returned on a weekly basis from the Spanish Finance Ministry, Spain appears to have turned a corner in its quest for financial recovery. Yet while the figures are good news for policy makers, the lingering pall of high unemployment continues to cast a shadow over growth prospects.