In Spain

Eurozone banks deposit facility rate.

Loans to companies fall -4.3% year-on-year in Spain and -0.3% in eurozone, first decline since 2015

Santander| Slight improvement in lending to the private sector in October, although corporate lending is already contracting in the eurozone (for the first time since August 2015) and more sharply in the periphery. The ECB has now released eurozone private sector lending data, with a slight improvement in October to +0.4% YoY vs +0.2% in September, although this is a minimal rebound within its clearly downward trend since the peak…

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Company sales fall further to 8.3% in September, largest decline since 2021

The turnover of companies fell by 8.3% last September compared to the same month in 2022, extending by 1.4 points the year-on-year decline experienced the previous month, according to the Business Turnover Index (ICNE) published this Thursday by the National Statistics Institute (INE). With September’s decline, the steepest since February 2021, business sales have now posted six consecutive months of year-on-year declines after 25 consecutive months in positive territory. All…