CdM | Spanish industrial production returned to negative rates in June, a month in which the General Industrial Production Index (IPI) fell by 1.4% year-on-year, according to data from the National Statistics Institute (INE). This rate is 1.4 points lower than in May. Adjusted for seasonal and calendar effects, the index presented a fall of 3% in June with respect to the same month the previous year. This rate is…
Intermoney| According to the report published by the real estate portal Idealista, rental prices in Spain set another all-time high in July, reaching 11.9 euros per m2 per month. During the last quarter, prices have increased by +3.7%, accumulating a growth of more than 9% in the last 12 months. Within the capital cities, not only Madrid and Barcelona, but also Málaga and Valencia are at their highest levels since…
BancaMarch : The number of tourists in Spain has grown during the first six months of the year, but it is still below the 2019 figures. Nearly 38.5 million tourists have visited our country during the first half of the year, a figure that although 23.7% above the first six months of 2022, is still below the levels of 2019 (-1.6%). On a positive note, both total expenditure and expenditure…
CdM| The number of unemployed registered in the Public Employment Services Offices, at the end of July, has fallen by 10,968 people in relation to the previous month. In relative terms, the fall in unemployment was 0.41%. Thus, registered unemployment stood at 2,677,874. In July 2022, unemployment rose by 3,230 in relation to the previous month. On the other hand, with respect to July 2022, year-on-year unemployment fell by 205,938…
The positive market dynamics, together with the strategies derived from the integration with Bankia and the reduction of doubtful balances, have boosted CaixaBank’s profit to €2,137 million, up 35.8% compared to the €1,573 million recorded in the same period of the previous year. In the entity’s accounts, the improvement in the indicators of profitability and efficiency stand out, while ROE reached 10.2% and the recurrent efficiency ratio fell to 45.7%,…
CdM| Unemployment fell by 365,300 people in the second quarter of the year, which is 11.7% less than in the previous quarter, while 603,900 jobs were created (+2.9%), bringing the total number of employed for the first time in history to 21,056,700 people, according to data from the Labour Force Survey (EPA) published on Thursday by the National Statistics Institute (INE). The drop in unemployment experienced between April and June…
The International Monetary Fund believes that Spain’s GDP will grow by 2.5% this year, compared to the 1.5% it predicted in April, making Spain the engine of growth in the euro zone due to “the greater strength of services and tourism”. However, the effects of the tourism miracle will not last beyond 31 December 2023, as the IMF has kept its growth estimate for 2024 unchanged at 2%. Until now,…
Ibercaja | In May, in line with recent months, the number of mortgages on dwellings registered in the property registers fell by 33,398, 24.0% fewer in annual terms. In 2021 and 2022 (especially the first half of the year) there has been high growth in the mortgage market due to the existence of accelerating levers in this market: savings accumulated during the pandemic, change in consumer tastes (houses, flats with…
Intermoney| Phone House Spain, a subsidiary of Dominion (DOM), has notified the workforce and the relevant authorities of its intention to initiate redundancy proceedings (ERE in its Spanish initials) for economic, productive and organisational reasons. This redundancy plan would affect 304 employees at 67 sites in Spain, employing 452 people. In the framework of the negotiations, which will end tomorrow, Thursday, the company is offering the affected workers a severance…
Link Securities| The Oesía group, a Spanish multinational company dedicated to industrial and digital engineering, and the technology and defence company Indra have signed a strategic collaboration agreement by which they will combine key technological capabilities to improve the global offer of new generation systems and services for the Spanish Armed Forces and Security Forces, which will improve the positioning of both companies in the international market and European programmes….