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In Spain

In Spain 4th October 2023

Spain’s actual manufacturing PMI reading marked sixth consecutive month of contraction in factory activity

Link Securities | The factory activity index, PMI manufacturing, for Spain, compiled by Markit, came in at 47.7 points in September, up from 46.5 points in August, which was also the reading expected by the analysts’ consensus. It should be recalled that a reading above 50 points indicates an expansion in activity compared with the previous month, while a reading below this level indicates a contraction in activity. Thus, the…

In Spain

The most profitable tourism campaign in history: 20.2 million foreign visitors and €27,381 million

In Spain

Mortgages granted in July in Spain fall by -18.8% year-on-year, average interest rate rises

In Spain

EGC upholds tax aid to Spanish companies for purchases abroad originally struck down by Brussels

In Spain

Spain’s pension spending reaches record €12,051 million in September, up 10.9%

In Spain

Santander raises dividend and announces €1,310-million buyback

Iberia grows more than IAG´s other airlines, while Brexit is debated

In Spain 27th September 2023

Vueling agrees 4.5% pay rise by 2022 for cabin crew

Banco Sabadell: According to press reports, Vueling, which represents ~7.5% of IAG’s employee cost, has reached a wage agreement with its cabin and office crew, who in turn make up 69% of the company’s total employees, establishing a +4.5% increase for 2022 and an annual non-consolidated payment of 0.8%. In addition, for 2023, an increase of +3%, which could rise to +4% under certain unpublished conditions, and an annual non-consolidated…

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