Spain

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61% of Spanish companies experiencing payment delays due to customers’ liquidity problems

And most companies are pessimistic about the trend in insolvencies over the coming months, according to Crédito y Caución’s Payment Practices Barometer. Specifically, 70% expect default levels to remain high and 16% anticipate a worsening, By Consejeros Editorial Team Crédito y Caución has just published the Spanish Payment Practices Barometer, compiled with the participation of over 200 companies from various sectors. 61% of the companies surveyed report experiencing payment delays,…


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Number of unemployed falls by 36,300 in May thanks to services sector

The recorded fall in unemployment is the worst figure for a month of May since 2020, when unemployment rose by 26,573 during the height of the Covid crisis. Excluding that year, this May has seen the smallest fall in unemployment for this month since 2012, when it fell by 30,113 people. Reported by Consejeros Editorial Team Registered unemployment at public employment services offices fell by 36,323 people in May compared…


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DBRS affirms rating for Spain at A (high), with stable outlook, in line with other agencies such as S&P

The rating agency considers that the risks to the outlook are balanced, despite downward pressure from external events. The economy continues to grow above the EU average and is supported by funds (NGEU). Weaknesses include the lack of a budget approval since 2023, comparatively low levels of per capita income and a high, albeit declining, public debt ratio. Analysis team’s view: unsurprisingly, the DBRS rating is in line with that…


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Preliminary inflation in Spain for May remains at 3.2% amid energy crisis caused by war in Iran

Reported by Consejeros Editorial Team The CPI maintained its year-on-year rate at 3.2% in May and has now been above 3% for three consecutive months amid the energy shock caused by the war in Iran, according to data released on Friday by the National Statistics Institute (INE) and reported by Europa Press. The agency explained that in May’s inflation performance, transport and recreational activities, sport and culture pushed prices up,…


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Spain welcomes over 17.5 million visitors in Q1 2026, 2.5% more than in Q1 2025

Link Securities | According to the Statistics on Tourist Movements at Borders, published by the National Statistics Institute, Spain received 6.8 million international tourists in March, 3.3% more than in the same month of 2025. In March, the United Kingdom was the main country of residence, with almost 1.3 million tourists and an increase of 2.1% compared to March 2025. 924,088 tourists arrived from Germany (up 2.9%) and 798,671 from…


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Social Security pension spending in Spain rises 6% to €14.336 billion in April

CdM | The Social Security system allocated €14,336.2 million to pension payments in April, representing a 6% increase on the same month last year, according to the Ministry of Inclusion, Social Security and Migration. In total, 10,476,332 pensions were paid to around 9.5 million people in the fourth month of 2026. Of these, 6.7 million were retirement pensions, 2.3 million were widow’s pensions, 1.1 million were permanent disability pensions, 336,141…


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Production prices in Spain rise 3.4% year-on-year in March after falling for four consecutive months

Singular Bank | According to the INE, in March producer prices in Spain rose significantly by 6.5% compared with the previous month (against a fall of 3.0% month-on-month in February). Meanwhile, year-on-year, the PPI rose by 3.4% (against a fall of 6.9% in February), following four consecutive months of decline. By category, the increase in energy prices stood out (7.9% year-on-year), as did that of intermediate goods (0.8%), due to…


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Spanish tourism sector ends Q1 2026 with real growth of 2.1%, compared with 2.5% estimated, and despite war in Iran

Alphavalue/ Divacons | The Spanish tourism sector closed Q1 2026 with real growth of 2.1%. Although this figure is below the 2.5% estimated for the national economy as a whole, the period stands out for the strength of foreign demand. This progress has been achieved despite operational volatility and the uncertainty generated by the conflict in the Middle East.


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House prices—sale and rent—through the roof: average purchase price now €3,014 per square metre

Alphavalue/Divacons | According to the latest data from Fotocasa, house prices for sale and to let have peaked simultaneously. The average purchase price now stands at €3,014 per square metre, driven by year-on-year growth of 21%. By region, pressure is highest in the Balearic Islands, Madrid, the Canary Islands, the Valencian Community and Andalusia, where all previous price records have been broken. Meanwhile, the Confederation of Tenants’ Unions announced yesterday…


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S&P Global cuts 2026 growth forecast for Spain to 1.9% due to impact of war and rising energy prices

CdM | S&P Global hasrevised downwards its economic forecasts for Spain and Europe as a whole in light of the impact of the war in the Middle East and the surge in energy prices. Specifically, the firm now expects Spanish GDP to grow by 1.9% in 2026, down from the previous forecast of 2.1%, against a backdrop of weaker economic momentum and greater inflationary pressure. In its report, entitled ‘Economic…