This year the end of summer has not just been bad but really bad for the Spanish labour market. The number of unemployed in Spain increased in August by 47,047. To find a similar rise in August you have to go back to 2011. Also the number of people that signed up to social security fell by 202,996, the worse data for August since 2008. Finally, the day 31 August became the one when the most jobs were destroyed in history.
Spain is behind the UK and followed by the Netherlands in the provision of basic (transactional) services to its customers, with prices 58% lower than the average of seven countries analysed. Germany is at the other extreme with an average annual price of 181 euros.
Caixabank Research | Spanish imports could be growing because of the composition effect, through which the components of demand of greater import intensity increase their weight in total demand, or because the import intensity of each component is increasing, which would be more worrying.
Caixabank Research | Since the beginning of 2012 Spain has accumulated a trade surplus in goods and services which is helping reducing the large deficit in net international investment. But it has not always been like this.
JP Marín-Arrese | The attempt to tax banks, large corporations and targeted polluters for filling the pension gap and increasing covering social spending, seemed a cunny initiative squaring the circle. On top of getting extra money, imposing a burden on the well-off always prompts widespread popular support. An outcome all the more welcome when the general elections loom close ahead.
BancaMarch | The Spanish Independent Authority for Fiscal Responsibility (AIReF) maintains buoyant expectations for the growth of the country’s economy.
Arinsa | No government, even with the frail parliamentary minority enjoyed by the Pedro Sanchez administration, can allow itself the luxury of forgetting the current duality of contract in the labour market.
Ofelia Marín-Lozano | A decade after the beginning of the financial crisis, net profits in the Spanish banking sector continue the upward trend begun in 2012, but the profit per share is much less favourable. Given that the number of shares has increased (overall, more tan double the number in 2007), the net profit per share is less than a half pre-crisis levels.
Spain’s new prime minister Pedro Sanchez is envisaging to increase taxation on banks. Although the project is still in its infancy and needs the support of Parliament, experts at Alphavalue believe the assessment of the impact could be largely watered down.
In Spain, there are 120 people older than 64 for every 100 younger than 16. This figure contrasts with that at the end of the 20th century, when the country was still young: in 1985 there were 46.7 people older than 64 for every 100 under 16.