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comercio cm 2

Spanish economy 20th March 2025

Spain’s trade deficit reaches €6.19 billion in January, Eurozone surplus €1 billion

Link Securities | According to data released by the Ministry of Industry, Trade and Tourism, in January Spain’s trade deficit increased to €6.19 billion, compared to €3.73 billion in the same month last year, reaching its highest level since October 2022. In January, exports fell by 1.2%, to €29.78 billion, weighed down by sharp contractions in the automotive sector (21.2%), energy products (15.0%) and capital goods (5.7%). Among the main…

prisa el pais

In Spain 19th March 2025

President of pro-government El País compares Sánchez to Franco for wanting to take total control of newspaper

Joseph Oughourlian, president of Grupo Prisa – a publicly traded company and owner of the newspaper El País and SER, the leading radio network in Spain – has publicly denounced the attempt by the President of the Government, Pedro Sánchez, to oust him from the presidency of the Group and seize the company, as he has already done with Indra and Telefónica. In an editorial unimaginable just a few weeks…

espana europa billete

In Spain 19th March 2025

Spanish public administrations’ debt at €1.630 trillion in January, up 2.8% year-on-year

Link Securities | Yesterday, Expansión newspaper reported that the debt of Spanish public administrations as a whole stood at €1.630 trillion in January, which represents an upturn of 2.8% in year-on-year terms. The amount is the second highest in the historical series, according to data from the Bank of Spain (BdE). In the last 12 months public debt has increased by €50,897 million, while in relation to the month of…

indra

Spanish economy 18th March 2025

Indra: Minsait subsidiary not for sale, company working towards developing higher value services

Banco Sabadell | According to the press, the main messages to be drawn from the appearance of Ángel Escribano (President of Indra) last week in the Congress of Deputies are: (i) Regarding the sale of Minsait, he stated that it is not for sale and that work is being done to develop it into a higher value service, (ii) he did not hide the interest in acquiring Santa Bárbara, but…

exports gorgeous

Spanish economy 18th March 2025

Spanish exports continue to decline: down 1.2% in January

Sales abroad from the Spanish economy fell by 1.2% year-on-year in January. Imports, on the other hand, grew by 6.2%, resulting in a trade deficit that nearly doubles that recorded in January 2024. As a result of this data, according to the monthly report from ICEX for January 2025, the export-import coverage rate dropped to 82.8%, the lowest for January in the last decade. The increase in imports is mainly…

Spain ratings

In Spain 17th March 2025

S&P maintains Spain’s rating at A with Stable outlook and France’s at AA-

Bankinter | S&P maintained Spain’s rating at A with a long-term Stable outlook. The agency considers Spain to be one of the fastest growing OECD economies (projecting around +2% over the next four years). The maintenance of the stable outlook was based on the fact that it considers the risks to be balanced over the next two years. Despite this, the rating agency pointed out that public debt and unemployment…

Aena closing

Spanish economy 17th March 2025

Aena breaks passenger record in Spain: almost 20 million in February, 4% more than in 2024

CdM | The airports in the Aena (AENA) network in Spain closed February with 19,993, 427 passengers, 4% more than in the same month last year, while the group’s airports (comprising 46 airports and two heliports in Spain, London-Luton Airport and 17 airports in Brazil) handled 24,537,134 passengers, 4.4% more. Specifically, according to the data provided by the company, in Spain they managed 178,767 aircraft movements, 6.9% more than in…

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In Spain 17th March 2025

Inflation rises to 3%

The National Institute of Statistics (INE) published that the consumer price index (CPI) in Spain rose by 0.4% in February compared to January, a reading that confirms its preliminary figure and aligns with expectations from analysts at FactSet. The groups with the most significant positive monthly impact on the monthly CPI rate were: i) Hotels, cafés, and restaurants, which showed a variation of 0.7%, due to the increase in prices…

bbva sabadell

Spanish economy 14th March 2025

BBVA to adjust size of Sabadell board if takeover bid succeeds

Alphavalue/ Divacons | The financial institution intends to reduce the number of members of the Banco Sabadell board in the event that the takeover bid is completed with a favourable outcome for BBVA and until the merger is carried out. In the prospectus submitted by the organisation to the US Securities and Exchange Commission (SEC), BBVA explains that as long as Sabadell remains a listed company under the control of…

barricas

In Spain 14th March 2025

Trump’s 200% tariff on wine and cava threatens €334 million in Spanish exports

Spanish wine, like European wine, is trembling. Donald Trump has decided to include it in the trade war that the United States is waging with the world and has threatened to impose a 200% tariff on them. This effectively means expelling Spanish wines from the U.S. market, a wine war that would particularly affect Catalan cavas and the wineries of Rioja and Ribera del Duero. This is indicated by the…