In Spain

pensiones cuquis

Spending on contributory pensions in Spain rises 6% in October to €13.6758 billion

CdM | Contributory pensions (retirement, widowhood, permanent disability, orphanhood and family benefits) rose by 6% in October to €13.6758 billion, according to data released by the Ministry of Inclusion, Social Security and Migration. In the eighth month of the year, Social Security paid a total of 10,397,372 pensions to 9,405,352 million people. Almost three-quarters of these were retirement pensions, representing more than 73% of the total (€9,999.2 million, up 6.01%)….


Iberdrola edificio

Iberdrola earns €5.307 billion in 9M25, up 16.6% adjusted thanks to networks division

Bankinter | Beats earnings and revises full-year guidance upward. The networks division drives growth for the group. Key figures compared to consensus: Adjusted EBITDA (x capital gains from asset sales and provisions) €12.438 billion (up 7.7%) versus €12.117 billion estimated., Adjusted BNA: €5.116 billion (up 16.6%) versus €4.932 billion estimated. Revises upward its guidance for the year, from high single-digit net profit growth to double-digit growth, exceeding €6.6 billion. Bankinter…


Puigdemont

Puigdemont breaks with Sánchez and “moves into opposition”

Carles Puigdemont, the separatist leader of Junts – whose seven votes in Congress allowed for the investiture of Pedro Sánchez as president – announced yesterday that he considers the agreement, by which Junts per Catalunya’s deputies facilitated Pedro Sánchez’s investiture, to be broken and that he is moving into opposition. Puigdemont believes that Sánchez and the PSOE have repeatedly breached the commitments made and that there is therefore a lack…


Ibex

Historic day for Ibex35, breaks maximum after 18 years, closes above 16,000 points for first time

The Ibex 35, the Spanish stock market’s benchmark index, closed yesterday’s session at 16,000.2 points, following a 0.87% rise during the day, which marks a new historical maximum. So far this year, the Ibex 35 has risen by more than 37%, largely driven by the strong performance of banks, which account for 36% of the index. The Ibex thus manages to surpass its previous all-time stock market high (15,945 points)…


Almaraz

Closure or Extension of Almaraz Nuclear Plant Now Depends on Red Eléctrica

The electric utility companies that own the Almaraz nuclear power plant—Iberdrola, Endesa, and Naturgy—have sent a letter to the Ministry for Ecological Transition asking to extend the operational life of the Extremadura facility beyond 2027, until 2030. Sources from Ecological Transition affirm that they have received the missive, though they clarify that the three companies merely convey their “willingness” to extend Almaraz’s closure schedule, but they do not notify or…


Spanish Housing Market

Home sales in Spain fall 3.4% year-on-year in August

Link Securities | The Property Rights Transfer Statistics (ETDP) report, released by the National Statistics Institute (INE), shows that in August, home sales fell by 3.4% year-on-year to 47,697 units. In August, 93.4% of homes transferred by sale were private and 6.6% were subsidised. Year-on-year, the number of private homes transferred by sale fell by 2.6% and subsidised homes by 12.6%. In addition, 21.2% of homes transferred by sale in…


exports spanish2

Spanish Exports Fall 9.3% Year-on-Year In August

In August, Spanish exports fell by 9.3% year-on-year to €24.4 billion, the lowest figure in four years. Sales abroad were primarily dragged down by the reduction in shipments of energy products (-29.3%); automotive products (-21.8%); non-chemical semi-manufactures (-14.7%); and raw materials (-15.3%). Among key partners, exports decreased to the European Union (EU; -11.3%), the US (-30.5%), and China (-19.9%), but increased to the United Kingdom (+4.5%). Meanwhile, imports fell by…


Cars SeatTC

Car Production in Spain Falls 5.2% Through September (1.7 Million Units)

The Spanish Association of Automobile and Truck Manufacturers (Anfac) reports that vehicle production in Spain grew by 8.8% year-on-year in September, reaching 223,468 units. This specific increase is due to the low production recorded in September 2024, caused by the adaptation of some factory production lines to accommodate new electric models, which led to production falling below usual levels that month. In the accumulated figure through September (9M2025), vehicle production…


inmobiliario oficina

Real estate investment in Spain reaches €12.9 billion through September, up 44%, third-best figure on record

Alphavalue/ Divacons | Real estate investment in Spain reached €12.9 billion in September, 44% above the figure recorded in the same period last year, making it the third best historical record, behind only 2022 and 2018. This figure is above the European average, and the sector expects an even more intense end to the year in terms of investment. On the other hand, 37% of rental properties in Spain are…


3. Public debt

Spanish Public Debt Grows at Rate of 4.7% and Sets Historical Record: €1.699 Trillion

According to data published by the Bank of Spain (BdE), the debt of the Spanish Public Administrations (AAPP) stood at €1.699 trillion in August, its highest level in history. However, due to inflation (3%), its weight relative to the Gross Domestic Product (GDP) moderated to 103%, which represents a drop of 0.9 percentage points compared to the same month in 2024. Thus, according to the data published this Tuesday by…