Spanish economy



Spain Generic Govt 10Y Yield

Average cost of Spanish debt down to 1.46% in 2014

The Corner | May 26, 2015 | The improvement of financial markets in 2014 allowed the issuance average cost of the Spanish public Treasury to go down to 1.46%, about 100 basis points below 2013 levels. Spanish premium risk fell by 114 basis points to reach an average of 120 points in December, according to the Bank of Spain. (Chart above: Spain Generic Govt 10Y Yield; Source: Bloomberg)

 



No Picture

Spanish debt yields could save €14 billion in interests in 2015

MADRID | May 21, 2015 | By AFI | The Spanish Treasury issued € 110 billion of debt in gross figures, representing 46% of the total for this year, not so much through cost reduction but via the extension of maturities. In 2015 more than 60% of issuances were 10-year-bonds, while in 2012, at the worst moment of the debt crisis, these maturities only represented 8% of total issuances.

 


No Picture

Spanish growth beats expectations at 3.5% in 1S2015

The Corner | May 18, 2015 | Spain’s economy minister Luis de Guindos said the country’s economic growth is likely to be stronger than expected: 3.5% in the first half of the year and more “balanced” thanks to a lower deficit, lower private borrowing and improved external competitiveness and exports.


No Picture

Volkswagen to make biggest industrial investment in Spain (€4.2bn)

The Corner | May 8, 2015 | German automaker Volkswagen announced its intentions to invest €4.2 billion in its Martorell and Navarra plants in Spain between 2015 and 2019. The amount almost equals what all car manufacturers have invested in the past three years. The VW group employs 22,000 people in Spain through its 12 brands. 


Spanish housing sector

Spanish housing sector recovery continues to progress

MADRID | May 8, 2015 | By Félix Lores Juberías and Ignacio San Martín at BBVA ReasearchHousing sales growth moderated in February while the mortgage market regains dynamism. On the other hand, the upturn in construction activity was mirrored in the land market, with an increase in transaction numbers and a mild rise in the price of urban plots. 



Worker in cargo

Spanish PMI: Manufacturing new order growth accelerates

The Corner | May 4, 2015 | For the past 17 months, operating in the Spanish manufacturing sector has been easier (more output and new orders were registered), thanks to an increasing client demand, according to the last PMI data released by Markit, although the firm’s indicator posted 54.2 in April, down fractionally from the reading of 54.3 in March.