Spanish public debt has reached 1.763 trillion, a new record, but the most important thing for the Government is that the Debt-to-GDP ratio has fallen from 103.4% to 101.5% of GDP in one year. It forgets to mention that inflation in the first half of the year stood at 3.2%, meaning GDP is “inflated” by price increases that do nothing but erode Spaniards’ purchasing power. Economic theory emphasizes that public…
The trade deficit stood at nearly €32.781 billion in the first six months of the year, representing a 30.5% increase compared to the same period of the previous year, according to data from June’s foreign trade report published this Tuesday by the Ministry of Economy, Trade and Business. This result is the outcome of a 2% increase in exports, which reached €201.1336 billion between January and June—the second highest figure…
Consejeros Editorial Team The rise in fuel prices has caused inflation to rise by four tenths of a percentage point in July, bringing the Consumer Price Index (CPI) to 3.6 per cent, according to final figures published by the National Statistics Institute (INE). In fact, the Government has announced that the reduction in the hydrocarbon tax applicable to diesel will rise to €0.20 per litre in September, compared with the…
Reported by Consejeros Editorial Team Against a backdrop still marked by the impact of the war in Iran, preliminary GDP figures have provided a positive surprise, showing growth of 0.7 per cent quarter-on-quarter in the second quarter of the year – one-tenth of a percentage point higher than in the first quarter – whilst maintaining stable annual growth at 2.7 per cent, contrary to expectations of a slowdown. According to…
Unemployment has fallen across all sectors: Services by 170,300 people, Agriculture by 22,400, Industry by 10,900 and Construction by 5,400. Reported by the Consejeros Editorial Team Data from the Labour Force Survey (EPA) show that, in the second quarter, unemployment fell by 213,300 people (7.87 per cent) compared with the previous quarter, bringing the total number of unemployed to 2,495,300. Meanwhile, the number of people in employment rose by 486,000…
The Council of Ministers is scheduled to approve tomorrow, Tuesday, July 28, a new royal decree-law on housing that will include the automatic extension of rental contracts until 2028 and an increase of VAT on tourist apartments to 21%. The Government is working on a royal decree agreed upon between PSOE and Sumar that will include proposals “supported by various political forces” throughout the legislature, according to the Executive itself….
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…
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…
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…
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…