As usually happens in the month of August, unemployment in Spain rose due to the end of the summer season. The jobless rate climbed by 21,679 people and social security affiliations declined by 134,289. But the unemployment rate decreased by 8% on a year-on-year basis.
Operating conditions continued to improve in August, according to the latest Markit PMI survey. Output grew to a 3-month high, yet new orders rose at levels of 2013.
Economic sentiment improves in Spain thanks to industry, services and construction.
Spain’s annual GDP growth accelerates to 3.1% thanks to consumption uptick.
Spain’s international tourist arrivals data continues to beat records, with 38 million visitors in the January-July period.
LA CAIXA RESEARCH | Spain will need higher surpluses in the balance of trade of goods and services if it wants to lower its net debt position.
Bank of Spain’s governor Linde considers the government’s forecasts ‘feasible’ but warns about possible risks.
Spain’s exports continue to rise and over the last five months have produced a welcome shift in the country’s trade balance.
IMF praises Spanish strong recovery but recommends additional reforms to strengthen growth and accelerate the fiscal consolidation.
Spain’s economy has registered a gain in external competitiveness compared to the EU, the OECD and BRICS countries, based on the Consumer Prices Index (CPI).