Spanish households debt down to 2006 levels
Household debt declined 1.2% to 733.24 billion euros in July compared to June, reaching August 2006 levels, according to the Bank of Spain.
Spanish economy
Spain unemployment rises in August, but drops by 8% in last 12 months
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.
Spanish manufacturing sees further improvement
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 on Spain improves in August
Economic sentiment improves in Spain thanks to industry, services and construction.
Spanish economy grows at pre-crisis rates
Spain’s annual GDP growth accelerates to 3.1% thanks to consumption uptick.
Spain welcomes record 38 million tourists in January-July
Spain’s international tourist arrivals data continues to beat records, with 38 million visitors in the January-July period.
The interest rate and the improvement in the income balance: a temporary support
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 warns against risks to fiscal consolidation
Bank of Spain’s governor Linde considers the government’s forecasts ‘feasible’ but warns about possible risks.
Spain’s Trade Balance Benefits From Export Drive
Spain’s exports continue to rise and over the last five months have produced a welcome shift in the country’s trade balance.
IMF demands further efforts to strengthen Spain’s growth potential
IMF praises Spanish strong recovery but recommends additional reforms to strengthen growth and accelerate the fiscal consolidation.