Spanish economy

Absentismo Laboral

Catalonia bears highest cost of workplace absenteeism at €11.557 million, followed by Community of Madrid at €10.290 million

According to the 15th Adecco Report on Healthy Workplaces and Absenteeism Management, absenteeism cost the Spanish economy €59,109 million last year, 11.7 per cent more than in 2024 and almost double the figure for 2019, when it stood at €30,171 million. Reported by Consejeros Editorial Team Spain is facing 2026 with absenteeism at historically high levels. Data from the fifteenth edition of the Adecco Report on Healthy Workplaces and Absenteeism…


inflacion precios

Spanish inflation remains at 3.2% in June, core inflation falls to 2.9%

The group that had the greatest positive impact on the annual rate was housing, whilst transport was among those with a negative impact. onomics Reported by Consejeros Editorial Team Inflation stood at 3.2% at the end of June, the same level recorded in May and April, according to final data published by the National Statistics Institute (INE), which highlights thatfuel prices pulled prices down, whilst electricity and gas prices pushed…


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Funcas Panel raises growth forecast for Spain to 2.3 per cent due to economy’s resilience up to June

Reported by Consejeros Editorial Team The Funcas Panel has revised its growth forecast for this year upwards by one-tenth of a percentage point, to 2.3%. The revision reflects the resilience shown by the Spanish economy in the second quarter, with growth estimated at 0.5%, one-tenth of a percentage point higher than expected in the previous Panel forecast. However, this is one-tenth of a percentage point lower than in the first…


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Spain’s GDP grows 0.6% in first quarter, 2/10 p.p. less than in previous quarter

Between January and March, household consumption growth slowed by three tenths of a percentage point to 0.6%, whilst public spending accelerated by three tenths of a percentage point to 0.5%, and spending by non-profit institutions accelerated by 1.4 percentage points to show growth of 2%. Reported by the Editorial Team Spain’s Gross Domestic Product (GDP) grew by 0.6% in the first quarter of the year, two tenths of a percentage…


exportTC

Spain’s trade deficit worsens

According to the Monthly Foreign Trade Report published by the Ministry of Economy, Trade and Enterprise, Spain’s trade deficit widened to €5.172 billion in April, compared to €3.900 billion recorded in the same month of the previous year, as imports continued to outpace exports. In April, imports increased by 8.7% year-on-year to €39.600 billion, driven by an increase in purchases of energy products (32.2%), mainly originating from Kazakhstan, Nigeria, the…


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Spanish public debt grows at 4.4% annual rate

Public administration debt reached €1.736 trillion at the end of April, following a year-on-year increase of 4.4%, according to data from the Bank of Spain (BdE). Nevertheless, its ratio to Gross Domestic Product (GDP) fell to 101%, representing a 1.6 percentage point decrease compared to the same period last year. In absolute terms, the volume of debt increased by 4.4% compared to April 2025. However, it decreased slightly by 0.2%…


Manuel Enrich

“Funds, insurance companies, and pension plans account for barely 6% of the shareholding of Spanish listed companies”

Manuel Enrich, chairman of AERI (Spanish Association for Investor Relations), maintains that “the Spanish stock market has only been at all-time highs for a few months; I believe it remains undervalued.” Are we facing a solid cycle for the Spanish stock market? The Spanish stock market is highly correlated with the major international indices, which is simultaneously a strength and a vulnerability. Based on valuations, the cycle strikes me as…


spain public finances

State-owned enterprises push headcount to more than twenty-year high: 198,500 workers

The increase in public employment, at rates that—proportionately—surpass those of the private sector, is a trend that has been repeated quarter after quarter since the end of the pandemic. Less well-known, however, is the intensity with which this boom is manifesting in the government subsector corresponding to state-owned enterprises and related institutions. This category, as explained by the newspaper El Economista, already brings together 198,500 workers. Nearly 200,000 wage earners….


Gibraltar

Treasury updates tax havens list, from Anguilla to Vanuatu

The Spanish Treasury has submitted to public consultation—until last Monday, June 1—the Draft Order that will modify the list of “countries, territories, and harmful tax regimes deemed non-cooperative jurisdictions.” Among the updates, the most notable is the proposed removal of Gibraltar, Dominica, Barbados, Seychelles, and Trinidad and Tobago as non-cooperative jurisdictions, meaning they would no longer appear on the Spanish blacklist. Conversely, the Draft Order plans to incorporate the tax…


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Spanish Stock Market traded €42.277 billion in May, up 32.7%

The Spanish stock market traded €42.277 billion in equities last May, representing a 32.7% increase compared to the volume recorded in the same month of the previous year, according to the monthly report on markets operated by Bolsas y Mercados Españoles (BME) published yesterday. Although the trading volume in May fell by 3.8% compared to April, the accumulated total for the first five months of the year already reaches €216.913…