Spanish economy

industrial production worker

Spanish industrial production grows 3.4% year-on-year in August compared to 2.7% in July

Link Securities | The National Statistics Institute (INE) reported that industrial production, adjusted for seasonal and calendar effects, fell by 0.1% in Spain in August compared to July, when it had fallen by 0.4%. By sector of activity, the production of capital goods (up 2.6%) was the only one to show a positive monthly rate. In contrast, the production of intermediate goods (down 1.5%) fell the most during the month….


sanchez ursula

Spain: Only One-Third of Next Gen Funds Awarded One Year before Deadline

According to the Government’s portal (“Elisa del Plan de Recuperación”), as of August 31, 2026, a total of €79.854 billion has been reserved for various projects between the Central Administration and the autonomous communities. However, of this amount, only €56.7 billion has been “resolved” or awarded, which does not mean the funds have reached their final recipient. In other words, only one-third of the €163 billion in Next Gen funds…


españabilleteCM

General Council of Economists raises 2025 forecast for Spanish GDP growth to 3%

CdM | The General Council of Economists (CGE) has revised its GDP growth forecast for 2025 upwards to 3%, four tenths higher than its previous estimate, following the recent update by the National Statistics Institute (INE), the dynamism of the first two quarters of this year and the strong performance of domestic demand and the labour market, among other factors. This improvement is in line with those made by the…


Companies restructuring

SME and Self-Employed Insolvencies Hit Record High, Growing 7% Through June

Insolvency proceedings (creditors’ voluntary arrangements) filed by Small and Medium-sized Enterprises (SMEs) and self-employed workers have once again reached a record high in the second quarter, increasing by 7.1% compared to the same period in 2024, to 2,642 filings. These insolvency proceedings thus mark their fifth consecutive year of increases for SMEs in the second quarter, dating back to 2020 when filings were partially suspended due to the COVID-19 pandemic…


oficina empleo

Number of unemployed in Spain falls by 4,846 in September; unemployment at 2.42 million

Bankinter | The number of unemployed people fell by 4,846 in September, from +21,905 in August. Unemployment now stands at 2.42 million people (down 0.2% month-on-month and 5.97% year-on-year). Bankinter team’s view: The number of unemployed fell slightly in September, resuming the decline seen since February, with the only increase occurring in August. The unemployment rate according to the Active Population Survey (EPA) in Q2 2025 stood at 10.29%. Our…


car makers europe

New Car Sales Finally Surpass Pre-Pandemic Levels in September

In September, 85,167 new passenger cars and SUVs were registered in Spain, a 16.4% increase compared to September 2024 and 4.2% more than in the same month of 2019, according to Ideauto data for the Spanish Association of Automobile and Truck Manufacturers (ANFAC). Furthermore, September was the first month since the COVID-19 pandemic in which total sales surpassed the figures for the same month in 2019 (81,746 units that year)…


fitch

Moody’s and Fitch Join S&P in Also Upgrading Spain’s Rating

The credit rating agencies Moody’s and Fitch have also improved Spain’s sovereign rating, following S&P’s move two weeks ago to raise it to ‘A+’ with a stable outlook—after six years without changes. Specifically, Moody’s raised Spain’s rating this Friday from ‘Baa1’ to ‘A3’ with a stable outlook, thanks to the country’s “economic strength” improving due to more “balanced” growth, the recovery in the labour market, and the strengthening of the…


inmobiliario oficina

Home sales in Spain grow strongly -up 13.7% in July- supported by lower financing costs

Bankinter | Home sales in Spain were up 13.7% in July (year-on-year) versus 17.9% in June, to 64,730 units. The cumulative total for 2025 is 18.6%. Bankinter analysis team’s view: Good news. Transactions are growing strongly, supported by lower mortgage financing costs and with the impact of tariffs on the Spanish economy still very moderate. We are revising our estimates for housing transactions upwards to 10% in 2025 (against a…


exportaciones complejas

Spanish exports reach record high in July, growing by 3.5%

CdM | Exports grew by 3.5% year-on-year in July, reaching €34.419 billion, an all-time high for this month, according to customs trade data collected in the Monthly Foreign Trade Report of the Ministry of Economy, Trade and Enterprise, prepared by the Secretary of State for Trade. This is the third consecutive month of growth. The sectors with the largest positive contributions to the annual rate of change in exports (3.5%)…


bbvasabadell

BBVA’s Sabadell takeover bid, a matter of price or competition?

Aurelio Medel (5 Días) | The Catalan bank entangles the government and the community’s establishment with its commercial importance and now says it’s a matter of price. The hostile takeover bid launched by BBVA for Sabadell is a case study that could address various aspects, such as the actions of governments and regulators, boards of directors, or the different communication strategies of both entities. But when you analyze the details…