Norbolsa | DIA achieves profits in Spain for the first time in six years. The company presented its first-half results with a net profit of €6.3 million, compared to the almost €55 million it lost in the first half of 2022. This is mainly due to the transformation process that the company is carrying out where one of the strategies is to reduce the commercial network, since 2018 they have…
Intermoney| According to the newspaper Cinco Días, referring to a report by the real estate consultancy Colliers, investment in the sector’s assets in Spain will suffer a cut of close to 50% over the course of this year, remaining at €9 billion. The reasons given for this include the aggressive monetary policy of central banks, which has pushed yields up. Another negative factor, which particularly affected the second quarter, was…
CdM | Spanish industrial production returned to negative rates in June, a month in which the General Industrial Production Index (IPI) fell by 1.4% year-on-year, according to data from the National Statistics Institute (INE). This rate is 1.4 points lower than in May. Adjusted for seasonal and calendar effects, the index presented a fall of 3% in June with respect to the same month the previous year. This rate is…
Intermoney| According to the report published by the real estate portal Idealista, rental prices in Spain set another all-time high in July, reaching 11.9 euros per m2 per month. During the last quarter, prices have increased by +3.7%, accumulating a growth of more than 9% in the last 12 months. Within the capital cities, not only Madrid and Barcelona, but also Málaga and Valencia are at their highest levels since…
BancaMarch : The number of tourists in Spain has grown during the first six months of the year, but it is still below the 2019 figures. Nearly 38.5 million tourists have visited our country during the first half of the year, a figure that although 23.7% above the first six months of 2022, is still below the levels of 2019 (-1.6%). On a positive note, both total expenditure and expenditure…
CdM| The number of unemployed registered in the Public Employment Services Offices, at the end of July, has fallen by 10,968 people in relation to the previous month. In relative terms, the fall in unemployment was 0.41%. Thus, registered unemployment stood at 2,677,874. In July 2022, unemployment rose by 3,230 in relation to the previous month. On the other hand, with respect to July 2022, year-on-year unemployment fell by 205,938…
Despite the victory of the Partido Popular with 137 seats (the postal vote count has given it one more seat, 137, at the expense of the PSOE, which is left with 121), Nuñez Feijóo is far from the 176 needed to be able to govern Spain, even if a coalition with Vox, which won 33, were to take place. If those 170 votes were added to those of UPN (1)…
The positive market dynamics, together with the strategies derived from the integration with Bankia and the reduction of doubtful balances, have boosted CaixaBank’s profit to €2,137 million, up 35.8% compared to the €1,573 million recorded in the same period of the previous year. In the entity’s accounts, the improvement in the indicators of profitability and efficiency stand out, while ROE reached 10.2% and the recurrent efficiency ratio fell to 45.7%,…
CdM| Unemployment fell by 365,300 people in the second quarter of the year, which is 11.7% less than in the previous quarter, while 603,900 jobs were created (+2.9%), bringing the total number of employed for the first time in history to 21,056,700 people, according to data from the Labour Force Survey (EPA) published on Thursday by the National Statistics Institute (INE). The drop in unemployment experienced between April and June…
As the winner of the elections with 136 MPs (compared to the PSOE’s 122), Nuñez Feijóo wants to talk to the PSOE. Cuca Gamarra, Feijóo’s deputy, urges the Socialists and Pedro Sánchez “not to hinder” the PP from giving Spain “a government “with serenity and moderation”, which returns Spanish politics to “seriousness, maturity and responsibility” in order “not to break a series of unwritten rules” which, according to Gamarra, establish…