In Spain

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Spanish investment funds limit exposure to technology stocks to 11%, but 31% in equity market

Reported by Consejeros Editorial Team The latest Financial Stability Report, published at the end of July by the National Securities Market Commission, warns that market risk – particularly that linked to technology shares – is the main financial vulnerability in international markets, and that Spanish investment funds’ exposure to it is moderate. Meanwhile, in fixed income, the impact of the war in the Middle East on inflation has led to…


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Norges and Sonae acquire portfolio of eight shopping centres in Spain valued at €1.5 billion

The portfolio comprises 8 shopping centres and over 250,000 m² of gross lettable area, including several landmark assets in the Community of Madrid, where it accounts for 11,300 square metres, whilst the remainder is owned by Unibail-Rodamco-Westfield. By Renta 4 Norges Bank Investment Management, together with Sonae Sierra, signed an agreement last Friday to purchase the portfolio of shopping centres owned by the Balkany family in Spain, valued at €1.5…


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Unemployment up 19,517 in July; number paying social security contributions passes 22.5 million thanks to regularisation process

The total number of unemployed stood at 2,311,499, the lowest figure for this month since 2007. This means the figure has once again exceeded the 2.3 million mark, which it had fallen below in June for the first time in 18 years. Reported by Consejeros Editorial Team Registered unemployment at Public Employment Service offices rose by 19,517 people in July, bringing the total number of unemployed to 2,311,499, the lowest…


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Preliminary CPI for July rises 3/10 of percentage point to 3.5 % year-on-year, whilst core CPI up by 1/10 of percentage point to 3%

Reported by Consejeros Editorial Team Amid the energy crisis caused by the war in Iran, the CPI stood at 3.5% in July, representing an increase of three tenths of a percentage point compared with the consensus forecast and the figure recorded in June. The National Statistics Institute (INE) has explained that the behaviour of the indicator in July was due to rises in the prices of fuel and lubricants for…


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Spanish economy grows 2.7% year-on-year in Q2 2026

Reported by Consejeros Editorial Team Against a backdrop still marked by the impact of the war in Iran, preliminary GDP figures have provided a positive surprise, showing growth of 0.7 per cent quarter-on-quarter in the second quarter of the year – one-tenth of a percentage point higher than in the first quarter – whilst maintaining stable annual growth at 2.7 per cent, contrary to expectations of a slowdown. According to…


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Unemployment rate falls to 9.87% in second quarter

Unemployment has fallen across all sectors: Services by 170,300 people, Agriculture by 22,400, Industry by 10,900 and Construction by 5,400. Reported by the Consejeros Editorial Team Data from the Labour Force Survey (EPA) show that, in the second quarter, unemployment fell by 213,300 people (7.87 per cent) compared with the previous quarter, bringing the total number of unemployed to 2,495,300. Meanwhile, the number of people in employment rose by 486,000…


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Pension expenditure rises by 6.2% in July, reaching a record high of €14.432 million

The average pension under the Social Security system stands at €1,372.2 this month, 4.6% higher than in the same month last year. Reported by the Editorial Team Pension expenditure reached €14.4319 billion in July, up 6.2% compared with the same month last year, according to figures provided by the Ministry of Inclusion, Social Security and Migration, which include the adjustment approved by the Government for 2026. In the seventh month…


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Spaniards’ income remains at 92% of EU average, same as 8 years ago

Yesterday, the Prime Minister closed the political season with his usual triumphalist tone regarding the performance of the economy. A tone constantly refuted by reality and by surveys of Spaniards, which point to “housing” and the economic crisis as their main problems. Spain’s indisputable GDP growth, above 2%, is fundamentally due to the year-after-year population increase of almost half a million immigrants annually. This, combined with NextGen funds and a…


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Unemployment falls below 10%, but Spain still carries 2.5 million unemployed people

The Labour Force Survey (EPA) for the second quarter of 2026 confirms that unemployment continues to fall. The unemployment rate stood at 9.87%, nearly a percentage point lower than in the previous quarter (-0.96 points) and its lowest level since 2008. The number of unemployed people fell by 213,300, down to 2,495,300: a decline of 0.37% in seasonally adjusted terms and by 57,800 people over the past year. Employment is…


Spain’s real estate sector: from recovery to expansion

Government insists on extending rental contracts until 2028

The Council of Ministers is scheduled to approve tomorrow, Tuesday, July 28, a new royal decree-law on housing that will include the automatic extension of rental contracts until 2028 and an increase of VAT on tourist apartments to 21%. The Government is working on a royal decree agreed upon between PSOE and Sumar that will include proposals “supported by various political forces” throughout the legislature, according to the Executive itself….