CdM | Year-on-year headline inflation in the OECD, as measured by the Consumer Price Index (CPI), fell to 3.9% in November 2025, from 4.2% in September 2025, the closest month with complete CPI data for all OECD countries. Food inflation and core inflation (inflation excluding food and energy) in the OECD fell by 1 and 0.2 percentage points respectively, both reaching 4%. In contrast, energy inflation rose to 3.5% from…
Unemployment remains stable in more than half of OECD countries in October 11 December 2025 CdM | In October, the unemployment rate remained stable in 21 of the 32 OECD countries with available data. Seven OECD countries experienced an increase and four a decrease. Specifically, Mexico, Korea, Japan and Israel recorded unemployment rates of 3% or less. In contrast, Spain maintained a double-digit unemployment rate of 10.5%, while Finland reached…
Luis Alcaide | “The Eurozone Manufacturing PMI data prepared by S&P Global and Hamburg Commercial Bank retreated to 49.6 points in November, falling below the 50 points of the previous month (above 50 points indicates expansion, and below indicates contraction). By country, Germany marks 48.2 and France 47.8, while Spain records 51.5 and Italy 50.6.” The influx of new orders in the manufacturing sector is increasing in the two Southern…
Link Securities | According to new macroeconomic estimates published yesterday by the OECD, the global economy will grow by 3.2% in 2025 and 2.9% in 2026, before slowing to 3.1% in 2027. Risks to growth will stem from increased trade barriers. The US economy will grow by 2.0% in 2025, 1.7% in 2026 and 1.9% in 2027, against a backdrop of lower job creation and fiscal adjustment. For its part,…
Alphavalue / Divacons | The year-on-year inflation rate for the Organisation for Economic Co-operation and Development stood at 4.1% in July, representing a decrease of one tenth of a percentage point compared to June. Since March 2025, inflation in the group has ranged between 4% and 4.2%. According to the think tank, headline inflation rose in ten member countries, while 12 recorded declines, with falls of more than 0.5 percentage…
Link Securities | According to a new report published by the OECD, its analysts expect global gross domestic product (GDP) growth to slow this year, with projected growth of 2.9% in both 2025 and 2026, down from 3.3% last year. These analysts justified this weaker outlook to rising global uncertainty, driven mainly by changes in US trade policies. In its report, the OECD warns that more trade barriers could further…
Bankinter | The estimate of global growth for 2025 now stands at +3.1% from 3.3% previously and for 2026 at +3% from +3.3% previously. Canada and Mexico are the economies most negatively affected due to the impact of growing tariff tensions. In the United States, growth is now expected to be +2.2% by 2025 (+2.4% previously) and +1.6% by 2026 (2.1% previously). For Spain, the forecast has been revised upwards…
Renta 4: European stock markets open flat on a day that will be dominated by the official US employment report (14:30h), where moderation is expected (in line with Wednesday’s ADP private employment survey and JOLTS job openings), but showing a still solid labour market and tightening in wages (yesterday 1Q24 unit labour costs +4.7% year-on-year vs +4% estimated). Consensus expects 240,000 estimated non-farm payrolls versus 303,000 estimated previously, unemployment rate…
The OECD has revised down to 1.4% its economic growth forecast for Spain in 2024, a figure well below the 2% expected by the government. In its half-yearly Outlook report published on Wednesday, the Organisation for Economic Co-operation and Development (OECD) sends a clear message to Pedro Sánchez’s new government: further budgetary adjustment is needed to keep public debt under control. The report stresses that “stronger and sustained fiscal consolidation…
The unemployment rate in the countries of the Organisation for Economic Co-operation and Development (OECD) stood at 4.8% in September, remaining unchanged at the lowest level in the historical series, which began in 2001, as reported on Tuesday by the organisation, which also points to Spain as the member country with the highest unemployment rate, at 12%. In the ninth month of the year, the unemployment rate remained unchanged in…