Link | The company has installed the first 5G node in the 26 gigahertz (GHz) band, the third portion of spectrum that has been reserved in Spain and Europe for the new technology, Expansión newspaper reports today. The node, located in Valencia, is an important milestone, as it is the first commercial node of the technology to be installed.
CdM | Activity in the Spanish manufacturing sector deteriorated in August for the fifth consecutive month and has fallen to its lowest level so far this year, according to the PMI index, which has fallen to 46.5 points from 47.8 points in the previous month, according to the survey by S&P Global and Hamburg Commercial Bank, which has just been reported by Europa Press. The fall in the index in…
Banca March | The Ministry of Finance has postponed the new Tobin tax self-assessment model. Instead of coming into force on September 1, the proposed date is January 1, 2024. The tax in question refers to the tax on financial transactions that was introduced on January 16, 2021 and whose modifications are postponed until next year. The reason for the postponement is that the Community of Navarre and the Basque…
CdM | The year-on-year inflation rate in the euro area remained stable in August at 5.3%, which is the lowest rise in prices since January 2022, according to Eurostat’s first estimate, as reported by Europa Press. These data place Spain and Belgium as the countries in the region with the lowest price increases, with 2.4% in both cases. The evolution of prices in the euro area in August was mainly…
The Consumer Price Index (CPI) increased by 0.5% in August compared with the previous month and raised its year-on-year rate by three tenths of a percentage point to 2.6%, mainly due to the rise in fuel and liquid fuel prices. With August’s rise, inflation has now risen for two consecutive months, after rising four tenths of a percentage point in July to 2.3%, according to advanced data published on Wednesday…
Fernando González Urbaneja | Feijóo, in his capacity as the person in charge of the investiture, has asked for a meeting with Sánchez in his capacity as head of the PSOE, the second most voted party. What is anomalous is that such contact was ignored, even though it serves no purpose. It’s not true that rubbing together makes love, since, unfortunately, there is no chemistry between these two figures. Sánchez’s…
BancaMarch: Spain’s public debt continues to grow. Public debt closed June at €1.569 trillion, reaching record highs, above the levels seen during the pandemic, according to data published by the Bank of Spain. The increase in debt is a consequence of lower revenues and higher expenses derived from the war in Ukraine and the pandemic. The difference with respect to the previous month amounts to €26.93 billion. If we compare…
Link Securities| The real disposable income of Spanish households registered an increase of 1.3% in 1Q2023 over the previous three months, an increase above the 0.9% average for the Organisation for Economic Co-operation and Development (OECD) as a whole, the think tank for advanced economies has reported, according to Europa Press. The increase in real disposable income per capita in Spain in 1Q2023 represents the second consecutive increase, after the…
CdM | Prices resumed their upward trend in July. The National Statistics Institute (INE) has confirmed that inflation rose in the seventh month of the year to 2.3%, which is two tenths of a percentage point more than the previous month and four tenths of a percentage point in the year-on-year rate. For its part, core inflation rose by three tenths of a percentage point to 6.2%. The rise in…
Intermoney| According to the newspaper Cinco Días, referring to a report by the real estate consultancy Colliers, investment in the sector’s assets in Spain will suffer a cut of close to 50% over the course of this year, remaining at €9 billion. The reasons given for this include the aggressive monetary policy of central banks, which has pushed yields up. Another negative factor, which particularly affected the second quarter, was…