Spain

Spain emplyment workers

Absenteeism continues to rise in Spain, with the Basque Country now at 9.4 per cent of agreed hours

The national average has risen by two tenths of a percentage point to 7.2 per cent in Q1 26. By region, the Basque Country leads the national absenteeism figures with 9.4 per cent of agreed hours. It is followed by Asturias (9.1 per cent) and the Canary Islands (8.9 per cent). At the other end of the scale, the Community of Madrid is surpassed only by the Balearic Islands, which…


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E-commerce in Spain exceeds €114.8 billion in 2025, up 20.6 per cent on previous year

Reported by Consejeros Editorial Team E-commerce turnover in Spain rose by 22 per cent year-on-year in the fourth quarter of 2025 to reach €31.418 million, according to the latest e-commerce data from the CNMC. The sectors with the highest revenue were travel agencies and tour operators, accounting for 7.1 per cent of total turnover, and clothing, accounting for 7 per cent. Looking at the number of transactions, more than €575…


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Public funding for businesses fell by 38% in 2024 compared with 2023 but remains well above pre-pandemic levels

According to preliminary data for 2025 from Experian’s Yearbook, public authorities granted €11,152.17 million in the first half of 2025, 36.59% less than in the same period of 2024. Analysed by Consejeros Editorial Team The Experian Yearbook for 2024 and the first half of 2025 confirms that, following the extraordinary record set in 2023, public funding for businesses in Spain has entered a phase of normalisation. In 2024, public authorities…


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Inflation remains at 3.2% in June, whilst core rate moderates to 2.9%

The rise in gas and electricity prices has been offset by a moderation in fuel prices following the government’s VAT cut, introduced after the outbreak of the conflict between the United States and Iran – a measure that will remain in force until tomorrow. Reported by Consejeros Editorial Team Prices held steady in June, with inflation once again standing at 3.2% for the third consecutive month, according to preliminary data…


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Medium-sized companies leading the way in growth boosting productivity without cutting jobs or wages according to Afi Foundation

A study included in the Afi Emilio Ontiveros Foundation’s “Snapshot of the Spanish business landscape: in search of growth” indicates that the 100 companies that recorded the highest cumulative annual revenue growth between 2008 and 2024 generate 30 per cent more revenue for every euro invested in staff and have achieved record levels of profitability. Analysis by the Afi Foundation According to the 2026 update of the ranking of the…


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Spain leads eurozone wage recovery thanks to strong employment growth, according to Natixis CIB

Analysis by Natixis CIB In 2025, the eurozone experienced a slowdown in wage growth (both nominal and real), which reduced households’ purchasing power and limited their consumption capacity. According to our wage decomposition model, this slowdown in the eurozone masks highly divergent national realities. In Germany and Spain, wage growth remained robust, whilst in France and Italy there was a more pronounced slowdown. These contrasting trends call for an analysis…


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Climate risks could cost Spain up to 6.8% of its GDP

Reported by Alvise Lennkh-Yunus Long-term climate risks at the sovereign level are highly country-specific and depend on the scenario. Furthermore, forecasts point to a wide range of possible outcomes that reflect the uncertainty inherent in climate scenarios. In a recent study, Scope Ratings has estimated the economic impact of climate risks over a 30-year time horizon for EU countries and selected G20 sovereign issuers, arising from chronic physical risk, acute…


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BBVA posts best performance in May, with assets under management rising by 2.5% according to Jefferies’ fund analysis

Spanish investment funds achieved an average return of 1.78% in May and 7.68% over the past 12 months, with assets under management increasing by €9.7 billion. Jefferies Analysis May saw another strong performance, with assets under management (AUM) in Spain rising by 2.1% month-on-month, representing an increase of €9.7 billion, mainly due to positive market effects (1.78%), driven by modest fund inflows (€1.9 billion). In the current environment, investors continued…


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AI could result in net loss of 400,000 jobs in Spain between 2025 and 2035

The OECD estimates that 27.4% of jobs in Spain are potentially at risk of task automation — a figure slightly higher than the OECD average (26%) — although the proportion of jobs at high risk of actual automation remains much lower, standing at 5.9%. By Francisco Rodríguez Fernández According to the article by Francisco Rodríguez Fernández, director of the Funcas Finance and Technology Observatory, ‘Artificial Intelligence and the Labour Market…


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Company formations fall 2% and dissolutions rise 24.9%

Reported by Consejeros Editorial Team The number of commercial companies formed in Spain fell by 2% in April compared with the same month in 2025, whilst the number of companies dissolved rose by 24.9% year-on-year, according to data from the National Institute of Statistics (INE). In April, 11,558 commercial companies were formed, 2% fewer than in the same month of 2025. The subscribed capital for their incorporation recorded an annual…