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turismo playa

Spanish economy 7th March 2025

Spain receives 5.1 million international tourists in January, spending up almost 9%

CdM | In January, 5.1 million international tourists visited Spain, 6.1% more than in the same month last year, with total spending up 8.9% to €7.132 billion, according to data provided by the National Institute of Statistics (INE). The United Kingdom was the main country of residence, with 863,286 tourists and an increase of 3.6% compared to January 2024. 641,201 came from France (12.2% more) and 537,842 tourists from Germany…

industria

In Spain 2nd March 2025

Industrial production prices in Spain rebound 2.6% annually against 2.3% previously due to 8.6% rise in energy costs

Link Securities | The National Institute of Statistics (INE) published on Wednesday that the Producer Price Index (PPI) rose in Spain by 0.4% in January in relation to December. During the month, the prices that contributed most to the rise in this variable were those of oil refining (up 5.8%) and those of gas production and distribution by pipeline of gaseous fuels (4.8%). On the contrary, the prices that most…

espana cibeles

In Spain 15th December 2024

Spain: November final CPI confirms preliminary 2.4% year-on-year (vs. 1.8% previously), core at 2.4% (from 2.5% previously)

Bankinter: November final CPI confirms 2.4% year-on-year preliminary (from 1.8% year-on-year previous), Underlying also confirmed 2.4% year-on-year preliminary (from 2.5% previous). On a month-on-month basis +0.2% month-on-month for the headline rate and +0.1% for the Underlying. Analysis team’s view: The data confirm the preliminary data and also the pick-up in headline inflation in 4Q24, as expected and anticipated by the ECB, largely due to base effects from energy (electricity and…

Espana Bandera Mapa 1

In Spain 3rd December 2024

DBRS upgrades Spain’s rating to A+ from A, with stable outlook

Bankinter | DBRS upgrades its rating to A+ from A. Stable outlook. Based on strong economic growth, reduction of external debt and improvement in public finances. Deficit is expected to fall to 3% of GDP this year and public debt to 100% of GDP by 2026. Analysis team’s view: Good news for Spanish debt, whose 10-year bond trades with a yield of 2.79% and a risk premium of +70bp against…

fitch

In Spain 11th November 2024

Fitch maintains Spain’s long-term rating at A- and upgrades outlook to positive (from stable)

On Friday, Fitch maintained Spain’s long-term rating at A- and upgraded its outlook to positive (from stable). This decision is based on the improvement of structural factors that have increased GDP growth potential, with a labor market showing positive trends, improved competitiveness, and the absence of macro-financial imbalances. Fitch projects a real GDP growth of 2.9% for Spain in 2024 and an average growth of 2.2% in 2025-2026, compared to…

marca spain

In Spain 5th October 2024

Spain receives 10.9 million international tourists in August (up 7.3%), with total expenditure of €15,336 (up 13%)

Link Securities | The Statistics on Tourist Movements at Borders (FRONTUR), produced by the National Statistics Institute (INE) shows that Spain received 10.9 million international tourists in August, 7.3% more than in the same month of 2023. Over the month, France was the main country of residence for tourists arriving in Spain, with more than 2.1 million tourists and an increase of 8.3% compared to August 2023. From the United…

pmi sector manufacturero marzo

Spanish economy 4th October 2024

Spain shows muscle in eurozone and within periphery: only country where manufacturing demand shows no clear signs of weakness

While manufacturing PMIs slump to 45pt (48.8p) in the EZ, with Germany at 42.4 and France at 43.9, Spain unexpectedly rebounds to May highs: up to 53 (50.5 in August). Italy starts to feel the German cold given its industrial links and falls back (48.3, 49.4p). Time will tell how much European slippage the Spanish economy can withstand but for the time being, this geography, and beta (tier 2 names),…

comercio cm 1

Spanish economy 3rd September 2024

Spanish surplus moderates in June to €5.02bn, down from €5.56bn in May

Singular Bank | According to the Bank of Spain, Spain’s current account balance showed a slight decline during the month of June, moderating its surplus to €5.02 billion, down from €5.56 billion in May. The current account balance in the first six months of the year recorded a surplus of €25.4 billion, an increase of 33% compared with the same period in 2023, according to data published by the Bank…

inflacion precios

In Spain, Relevant News Item, Spanish economy 16th August 2024

Inflation falls to 2.8% due to electricity and food; underlying at 2.8%, lowest since January 2022

CdM | In July, the fall in electricity prices caused inflation to drop six tenths of a percentage point, with the Consumer Price Index (CPI) falling to 2.8%, according to the final data published by the National Statistics Institute (INE). The moderation in food prices also contributed. The CPI is thus at its lowest level since February and has now fallen for two consecutive months after the rises recorded in…

Bank of spain new

Spanish economy 31st July 2024

More growth with less inflation in Spain: GDP grows three tenths to 2.9% year-on-year in 2Q24, while CPI falls to 2.8% from 3.4%

CdM | The Spanish economy grew by 0.8% in the second quarter of the year, the same as in the previous quarter, and accelerated its year-on-year growth by three tenths of a percentage point to 2.9%, according to the advance National Accounts data published on Tuesday by the National Statistics Institute (INE). Domestic demand contributed two points to year-on-year GDP growth, while foreign demand contributed nine tenths of a point….