Employment November

Absenteeism continues to rise: 6.3% of hours “worked” are not worked

Caixabank Research | Employment is well above pre-pandemic levels. Specifically, in Q1 2024 it is already more than 8% above Q1 2019 records (in National Accounts terms) and double cumulative GDP growth of 3.7%. In contrast, actual hours worked have grown at a slower pace since then, just 1.3%. This has translated into a decline in hours worked per worker (PTETC) of 6.3%. Thus, while productivity per worker has fallen…

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Crédito y CauciónCrédito y Caución

Mapfre and Swiss Life Group increase real estate fund with transfer of two properties in Madrid and Paris valued at almost €140 million

Link Securities | The real estate alliance between Mapfre and Swiss Life Group has expanded, as both companies have reached an agreement to transfer two more properties to their real estate funds, the digital portal elEconomista.es reported. They are located in Madrid and Paris and have a combined value of almost 140 million euros. Specifically, the Spanish insurer has transferred the building at Avenida de Burgos 12, located in the…

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china cierre ciudades

China’s trade surplus grows in June to €99.05 billion from $69.8 billion a year ago

Link Securities | According to data from the General Bureau of Customs, China’s trade surplus increased in June to $99.05 billion, up from $69.8 billion in the same month a year ago, and exceeding market forecasts for a surplus of $85 billion. It thus becomes the largest amount of trade surplus in a month since July 2022, as exports increased, while imports decreased. Specifically, exports grew by 8.6% year-on-year, their…

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“Mercosur is perhaps an idea that people have fallen in love with and are keeping because everyone is too embarrassed to liquidate it”

Fernando Gónzález Urbaneja interviews José Juan Ruiz, president of the Real Instituto Elcano and director of Redeia, in Consejeros, who states that “The intellectual prestige of pessimism is one of the characteristic features of Western civilisation. But, to give an example: in terms of CO2 emissions, everything may be in chaos, people’s perception may be that we have done nothing, but the European reduction in emissions is 32% compared to…

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“Spain has a good energy plan but if things don’t change, it won’t be fulfilled”

José Bogas, ENDESAS’s CEO, explains in Consejeros magazine that “295,000 million of investment is needed for the period 2021-30, and we have many years ahead of us when when we are not investing at this pace. Of these 295,000 million, 118,000 million are for renewables; 85,000 for energy efficiency, but almost nothing has been done so far; 53,000 for networks, which is more than 5,000 every year and we have…

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…in the last week