In Spain

IPC carburantes

Spanish Treasury profits from Iran conflict: nearly €300 million extra collected in March due to fuel price hikes

The Government has yet to activate any aid plan to mitigate the impact of energy prices on households, businesses, and the self-employed. Consequently, public coffers are amassing millions following the restoration of tax rates that had been previously reduced after the war in Ukraine. Specifically, the recovery of VAT, the end of the gas price cap, and the progressive increase in electricity taxes pushed tax collection at the end of…

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Employment

Spanish service sector returns to growth in February (51.9 points), but at slowest pace since June

CdM | The Spanish service sector economy continued to expand in February, but once again did so at a slower pace, due to less rapid growth in demand and weaker market conditions. This is according to the Purchasing Managers’ Index (PMI) for the Spanish service sector, which stood at 51.9 points in the second month of the year, according to S&P Global and Hamburg Commercial Bank (HCOB). Although it remained…