Spain

España PIB ministro

US bank forecasts Spain’s GDP to grow 3.5% in 2024, 2.9% in 2025 and 2.2% in 2026

Alphavalue / Divacons | A leading US bank has revised its growth projections for the Spanish economy upwards, validating the strength of the current expansionary cycle in contrast to the slowdown observed in the rest of Europe. The US financial institution now anticipates Spanish GDP growth of 3.5% for 2024, 2.9% in 2025 and 2.2% in 2026. These new estimates exceed previous forecasts, which stood at 3.2%, 2.7% and 2%…


inflacion eurozona

Spanish inflation rises to 3.1% in October, highest level since June 2024

CdM | Inflation reached its highest level since June 2024 in October. The rise in electricity, air and rail transport prices has pushed the Consumer Price Index (CPI) up by one tenth of a percentage point, bringing its year-on-year rate to 3.1%, according to data released by the National Statistics Institute (INE). In detail, the evolution of inflation in the tenth month of the year is mainly due to electricity…


pensiones cuquis

Spending on contributory pensions in Spain rises 6% in October to €13.6758 billion

CdM | Contributory pensions (retirement, widowhood, permanent disability, orphanhood and family benefits) rose by 6% in October to €13.6758 billion, according to data released by the Ministry of Inclusion, Social Security and Migration. In the eighth month of the year, Social Security paid a total of 10,397,372 pensions to 9,405,352 million people. Almost three-quarters of these were retirement pensions, representing more than 73% of the total (€9,999.2 million, up 6.01%)….


espana europa billete

Net wealth of Spanish households reaches €2.49 trillion, up 9.3%, while debt rises 2.5% in second quarter

CdM | At the end of June, the net financial wealth of households stood at €2.497 trillion, an increase of 9.3% compared to a year earlier, while household debt stood at €719 billion, an increase of 2.5% year-on-year, according to the Financial Accounts of the Spanish Economy published by the Bank of Spain. As a percentage of GDP, net financial assets represented 152.8%, 4.9 percentage points more than in the…


exportaciones complejas

Spanish exports reach record high in July, growing by 3.5%

CdM | Exports grew by 3.5% year-on-year in July, reaching €34.419 billion, an all-time high for this month, according to customs trade data collected in the Monthly Foreign Trade Report of the Ministry of Economy, Trade and Enterprise, prepared by the Secretary of State for Trade. This is the third consecutive month of growth. The sectors with the largest positive contributions to the annual rate of change in exports (3.5%)…


industrial production worker

Spanish industrial turnover slows in July to 1.9% growth, service sector to 4.7%, both 1.7 points below June

CdM | In July, industrial turnover rose by 1.9% compared to the same month last year, while the service sector increased by 4.7%. In both cases, the rate is 1.7 points lower than the previous month, according to data from the National Statistics Institute (INE). Thus, industry sales have seen two months of year-on-year increases, and service sector sales have seen 16 consecutive months of positive year-on-year rates. In terms…


economia espana

Spanish public debt moderates to 102.3% of GDP in July compared to a year ago, at €1.68 trillion

CdM | In July, public administration debt moderated its weight on gross domestic product (GDP) to 102.3%, a decrease of 1.9 percentage points compared to a year earlier. In absolute terms, it stood at €1.68 trillion, with a year-on-year growth rate of 3.9%, according to data from the Excessive Deficit Protocol published by the Bank of Spain. By subsector, central government debt stood at €1.525 trillion, with a year-on-year increase…


industria central alemania

Industrial production in Spain falls 0.5% in July; capital goods experience greatest contraction, 3.6%

Link Securities | The National Statistics Institute (INE) reported that industrial production in Spain fell by 0.5% in July compared to June, according to seasonally and calendar-adjusted data. By sector of activity, in July, the production of durable consumer goods rose the most (1.3%), while capital goods experienced the greatest contraction (3.6%). In year-on-year terms, in seasonally and calendar-adjusted data, industrial production rebounded in July in Spain by 2.5% (1.9%…


espana europa billete

Labour cost per hour worked in Spain up 3.8% in Q2 2025

Link Securities | According to the Harmonised Labour Cost Index (ICLA) published by the National Statistics Institute (INE), the labour cost per hour worked increased by 3.8% in Spain in Q2 2025 compared to the same period last year (up 3.7% in Q1 2025), in seasonally and calendar-adjusted figures. In unadjusted data, the year-on-year change in the cost per hour was 5.4% (up 1.9% in Q1 2025). In turn, wage…


industrialización 1

Industrial prices in Spain fall 0.7 percentage points year-on-year in July to 0.3%, compared to 1% in June

Singular Bank | According to data from the INE (National Statistics Institute), in July the year-on-year rate of variation in industrial prices in Spain slowed by 0.7 p.p. to 0.3% (versus 1.0% in June). By item, energy prices slowed their growth to 1.5% year-on-year (versus 4.0% in June), while consumer goods prices fell by 1.3% (versus a drop of 1.7% in the previous month). Meanwhile, in monthly terms, industrial prices…