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salarios recurso

European economy 27th April 2025

ECB says wages in Europe grew 4.8% in 2024, 3.1% expected in 2025

Intermoney | The ECB’s wage monitoring report continues to show that pressures on negotiated wages will ease over the course of the year. The ECB’s wage monitoring report continues to indicate that pressures on negotiated wages will diminish over the year. In particular, it pointed to a growth rate of negotiated wages, including exceptional payments spread over time, of 4.8% in 2024 (with an average coverage of 48.8% of employees…

Eurozona IPC 1

In Europe 25th April 2025

Eurozone advance composite PMI falls to 50.1 from 50.9 in March, pointing to near-stagnant economy

Singular Bank: April’s preliminary reading of the Eurozone manufacturing purchasing managers’ index showed a slight gain of 0.1 points to 48.7 points (versus 48.6 points in March), the highest in 27 months and above analysts’ consensus estimates (47.4 points). On the other hand, the preliminary services PMI has decreased 1.3 points with respect to March to 49.7 points. Thus, the preliminary reading of the Euro zone composite PMI in April…

iberdrola wikinger

In Europe 25th April 2025

Iberdrola to invest in 315 MW Windanker offshore wind farm in Baltic together with Kansai Electric

Alphavalue / Divacons | The Spanish utility informed the National Securities Market Commission (CNMV) that it has closed the agreement with Kansai Electric to co-invest in the Windanker offshore wind farm (315 MW) in the Baltic. Iberdrola will hold a majority stake of 51%. The project will have 21 turbines of 51 MW and will come into operation in the fourth quarter of 2026. The closing of this transaction, which…

indra5 short

In Europe 23rd April 2025

Indra wins contract to modernise UK’s air surveillance network

Link Securities | Indra (IDR) has won a contract to upgrade the UK’s air surveillance network with new state-of-the-art radars, according to Bolsamania.com. NATS, the country’s air navigation services provider, has awarded the company the project, which will incorporate cutting-edge design and technology to reduce CO2 emissions. In total, Indra will deploy 19 radars distributed in different locations, each equipped with a PSR3D primary radar and a MSSR secondary radar….

Budimex Ferrovial

In Europe 22nd April 2025

Ferrovial strengthens portfolio in Poland after being selected to execute three projects worth €266 million total

Link Securities | Ferrovial (FER) is to strengthen its portfolio in Poland, its second largest construction market after the United States, according to elEconomista newspaper. The Spanish multinational, through its Polish subsidiary Budimex, has recently been selected by Poland’s General Directorate of National Roads and Motorways to carry out three projects totalling zł1,139.2 million (around €266.5 million at current exchange rates).

inflacion precios

European economy 22nd April 2025

Eurozone March inflation confirmed to have moderated to 2.2%, core to 2.5%

Singular Bank: According to Eurostat’s final reading, in March the year-on-year rate of change of the Eurozone’s headline CPI moderated slightly to 2.2% (compared to 2.3% in February), its lowest since November 2024. This year-on-year increase was mainly explained by the contribution of services (up 1.56pp), followed by food, alcohol and tobacco (0.57pp) and non-energy industrial goods (0.16pp), in contrast to the negative contribution of energy (down 0.10pp). In a…

alemania ampelmann

European economy 21st April 2025

German investor confidence plummets after ‘Liberation Day’ to -14 points in April, from 51.6 previously

CdM | German investor confidence has worsened significantly in April as a result of “erratic changes” in US trade policy, according to the Leibniz Centre for European Economic Research (ZEW), reports Europa Press this morning. Specifically, the German investor confidence figure stood at -14 points in April, compared to 51.6 in the previous month, which is the worst reading of the index since July 2023, after suffering the biggest monthly…

UE gas

European economy 16th April 2025

EU plans to revive US gas purchases, looking for ways to aggregate demand

Link Securities | The European Union (EU) plans to revive its bid to buy more US gas, betting that US President Donald Trump is more open to negotiate after temporarily suspending the tariffs from taking effect, POLITICO reported on Monday. The bloc plans to resume talks on increased purchases of US liquefied natural gas (LNG) and will offer specific proposals to address Trump’s position on transatlantic trade, three European officials…

Alemania Economía

In Europe 15th April 2025

Germany to grow 0.1% in 2025 from 0.8% expected in September, German economic institutes say

Norbolsa | German economic institutes last week downgraded growth expectations for the German economy to 0.1% in 2025 from 0.8% expected in September, when considering Trump’s tariffs on steel, aluminium and cars. The tariffs announced on April 2, but suspended on Wednesday, could further drain the German economy and lead to a third consecutive year of contraction, the institutes said, although they did not include them in their economic projections….

arcelormittal 655x368 1

European economy 14th April 2025

European steel sector: EBITDA for 2026 expected to be 7% lower on average, ArcelorMittal among best options

Deutsche Bank | The most pessimistic fears have been mitigated, but US tariffs have created great uncertainty about steel demand, given the complexity of breaking down the impact on end markets. In our new baseline scenario we reflect this situation (although without reaching a full-blown recession) and we cut our assumptions about demand and prices in the sector, reducing our EBITDA forecasts for 2026 by 7% on average. We also…