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Spanish economy 25th March 2026

Home sales seem to be plateauing: 5% drop in January

According to data from the National Statistics Institute (INE), home sales operations registered in Spain during the month of January decreased by 5.0% year-on-year, reaching a total of 57,489 units. Of the properties transferred through sale in January, 92.8% were open-market housing and 7.2% were subsidized (protected) housing. In year-on-year terms, the number of open-market home sales fell by 5.2%, while subsidized housing sales dropped by 2.6%. Furthermore, it is…

In Spain, Spanish economy 25th March 2026

Spain’s trade deficit stands at €4.01 billion in January, representing decrease of 35.2%

Link Securities | According to the Ministry of Industry, Trade and Tourism, Spain’s trade deficit stood at €4.01 billion in January, representing a year-on-year decrease of 35.2%. This improvement was mainly due to the sharp fall in the energy deficit, which fell by nearly 50% thanks to a significant reduction in energy imports. In January, Spanish exports of goods reached €28.927 billion, representing a 2.9% decrease compared with the same…

Spanish economy 24th March 2026

Spanish exports fall 2.9% in January

In January, EU27 exports fell by 5.2%, while those of the Eurozone dropped by 5.5%. German exports decreased by 2.7% and Italian exports by 4.6%, whereas French exports rose by 1.3%. More striking in January are the sharp declines in British exports (30%) and the strong increases in those of the United States (13.1%) and Japan (16.8%). In January, Spanish exports of goods reached €28.927 billion, representing a 2.9% decrease…

In Spain, Spanish economy 23rd March 2026

Spain to implement two decrees containing measures worth €5 billion to mitigate impact of war

Bankinter | The Government has announced two decrees containing measures worth €5 billion to mitigate the impact of the war. The first includes short-term measures to reduce taxes on electricity, such as the Special Tax on Electricity at 0.5% (down from 5.11%) until June 2026; the Hydrocarbon Tax on diesel, unleaded petrol, fuel oil, LPG, natural gas and kerosene is reduced; and a reduction in VAT on electricity for vulnerable…

Spanish economy 13th March 2026

Telefónica, Iberia, Glovo… year kicks off with trickle of mass layoffs

Iberia, the national flag carrier, has just announced an ERE (Mass Layoff Procedure) to let go of 996 employees. This is the latest in a long series of announced layoffs that have already dominated headlines in the short time we’ve been in 2026. On March 1st, 2,700 workers left Telefónica, marking the first wave of a mass redundancy plan agreed upon with unions that will eventually affect a total of…

Spanish economy 12th March 2026

Brussels calls for CJEU to fine Spain for failing to apply VAT exemption directive for SMEs and self-employed

Firstly, the Commission reproaches Spain for failing to incorporate the rules that update the VAT regime applicable to small and medium-sized enterprises (SMEs)—a reform adopted in 2020 with the aim of simplifying the tax obligations of these companies and reducing competition distortions within the internal market. The EU Executive explains that although Spain has indicated it does not intend to apply the VAT exemption for SMEs and the self-employed with…

Spanish economy 11th March 2026

Spanish Treasury profits from Iran conflict: nearly €300 million extra collected in March due to fuel price hikes

The Government has yet to activate any aid plan to mitigate the impact of energy prices on households, businesses, and the self-employed. Consequently, public coffers are amassing millions following the restoration of tax rates that had been previously reduced after the war in Ukraine. Specifically, the recovery of VAT, the end of the gas price cap, and the progressive increase in electricity taxes pushed tax collection at the end of…

Spanish economy 9th March 2026

House prices in Spain rose 12.7% on average in 2025

Overall, the price of unsubsidized housing (vivienda libre) in Spain soared by an average of 12.7% last year—4.3 percentage points higher than the increase recorded in 2024 and its largest spike since 2007, when it rose by 9.8%, according to the Housing Price Index. With the 2025 increase, housing prices have now seen 12 consecutive years of growth. The 2025 figure is the highest in the INE (National Statistics Institute)…

In Spain, Spanish economy 4th March 2026

Spanish service sector returns to growth in February (51.9 points), but at slowest pace since June

CdM | The Spanish service sector economy continued to expand in February, but once again did so at a slower pace, due to less rapid growth in demand and weaker market conditions. This is according to the Purchasing Managers’ Index (PMI) for the Spanish service sector, which stood at 51.9 points in the second month of the year, according to S&P Global and Hamburg Commercial Bank (HCOB). Although it remained…

Spanish economy 20th February 2026

Spanish exports (up 0.7% compared to EU’s 2.4%) lose ground in 2025

Throughout 2025, Spain recorded a trade deficit of €57.1 billion, a figure 47.1% higher than that of 2024. In 2025, imports increased by 4.6% compared to 2024, reaching €444.2 billion, while exports rose by 0.7% to €387.1 billion. By contrast, EU exports grew by 2.4%, with Italy up 3.3%, France at 2.3%, and Germany at 0.9%. Outside the bloc, the UK saw growth of 3.2%, Japan 3.1%, and China 6.1%….

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