gas natural almacenamiento

Spain among six EU countries failing to reduce gas consumption target by 15% between August 2022 and March 2023

Alphavalue / Divacons | According to Eurostat, Spain recorded the third worst record in the European Union despite having reduced its gas consumption by 10.8% between August 2022 and March 2023 and is among the six countries that have failed to achieve the 15% target, although EU consumption has fallen by 17.7% compared to the average August-March figures between 2017-2022. Data released on Wednesday by the EU statistics office Eurostat…

supermercados eeuu

Drop by 1% in US retail sales points to slowdown in private consumption

Banca March : Mixed US consumer spending data. The most negative note was the drop in retail sales in March which points to a slowdown in private consumption. Specifically, retail sales fell -1% month-on-month after dropping -0.2% in the previous month, a figure that is worse than expected and confirms a deterioration in consumption in the first months of the year. On the more encouraging side, the University of Michigan’s…


Personal consumption growth in Spain and US begins to slow notably

Personal consumption is Spain and the US has begun to slow down at a delicate moment in view of the demanding valuations in the credit market after January’s rally. In this context, and after a new warning from the UK flash PMIs, the second one came on Thursday. The country that accounted for most of the growth in employment in the EU during 1H22, Spain, saw its unemployment rate rise…

China shopping

China eyes consumption as main engine of growth

The Chinese government is looking to consumption as the “main engine of growth” for the Chinese economy this year, mainly as a result of the abandonment of China’s “zero covid” policy. Li Keqiang, China’s prime minister, said this weekend that the consumption of the country’s 1.4 billion people is “a key step to expand domestic demand”.


Spain: Meat and fish consumption plummets by almost 15% as prices rise sharply

Nothing like this has ever happened before since statistical data has been available. The sharp rise in food prices has caused an unprecedented drop in food consumption in Spain. Between November 2021 and the same month last year, sales fell by 8.8% in volume and by up to 2.5% in value. But, asks the daily El Economista, are the Spanish really eating less as a result of inflation? According to…

DIA supermarkets

The CNMC Considers The Plan Of Yolanda Díaz, Who Will Today Ask Supermarkets To Limit Prices, To Be Illegal

The Second Vice-President of the Government, Yolanda Díaz, plans to meet this Monday with the distribution sector to ask them to limit the prices of certain products in the shopping basket. Díaz will thus put pressure on the sector to “contribute through its business margins to an affordable and quality basket”. But on Friday, the National Commission for Markets and Competition (CNMC) advised against this measure, which is “expressly prohibited”…

Big tech

The Government Reduces Waiting Time For Calls To Call-Centres To Three Minutes And Eliminates Robots

The Council of Ministers, at the proposal of the Ministry of Consumer Affairs, has approved the draft bill to regulate companies’ customer services. This will limit the waiting time for information, complaints and after-sales services to three minutes. As detailed by the Minister for Consumer Affairs, Alberto Garzón, at the press conference following the Council, the law reduces the maximum time for resolving general complaints from thirty to fifteen working…

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Germany, And The UK, And The Netherlands…, Double Electricity Production With Coal, Whose Price Has Risen 100% In The Last Year

ASE Group | Gas has risen so much that coal-fired plants are now competitive. In recent months, Germany has reduced its gas-fired power generation by 36% while doubling its coal-fired generation. Similar developments have occurred in the UK and the Netherlands. This pull in coal demand has driven up the price of coal by 1000% in the last year.

renewables toreras

Spain’s Appeal For Investment In Renewables

The national installed capacity of renewable energies between 2006-2021 has increased significantly, especially wind and photovoltaic energy. As pointed by Intermoney, they have grown 139% and 9,110%, respectively. Similarly, the installed conventional energy (coal and fuel + gas) has decreased with declines of 53% and 73%, respectively. Spain would also exceed the European targets for the penetration of these energies with 42% compared to the European 38-40%. For the experts of Renta 4, the very strong operational and financial growth of the companies will be coupled with the growing trend of ESG.

Spain property

The Impact Of The COVID-19 Crisis Begins To Be Felt In Spain Housing Prices

Indicators for the real estate market show a significant recovery in activity in the sector, following the standstill during the state of alarm. On the demand side, home sales recovered well in July and increased by 20% month-on-month, although in cumulative terms for the year to date there is still a year-on-year decline of 25.8%. On the supply side, the construction sector has also quickly restarted its activity. In August, cement consumption was only 2.1% below the level of August last year, with a notable recovery from the 50% fall registered in April.