Rising fuel prices still pushing the retail price index upwards The latest provisional data published by the Spanish government's central statistics unit on Tuesday show that the annual inflation rate in October was 2.3 per cent, the same as in the definitive report for the previous month.The rate has been at between 2.1 and 2.3 per cent since May of this year, remaining steady at ....
Spain keeps its top spot in the 10 Best Places to Buy in 2018 and its dominance has got even stronger in the past year. As security fears linger elsewhere in Europe, and some British buyers are keen to make their move abroad before Brexit, Spain has been the main winner. Tourism is booming, airlift grows and the property market continues to improve, although prices ....
A pick-up in credit growth, low borrowing costs and strong employment gains should buttress household spending this year. Similarly, an upbeat outlook for the domestic economy and relatively robust momentum in the Eurozone are expected to support fixed investment this year, especially in equipment and machinery. Export-oriented sectors should also continue reaping the benefits of increased competitiveness this year, a trend that could, however, be ....
Spain’s economy has enjoyed three exceptionally good years, growing at rates above 3%. This growth rate will probably ease in 2018 although it will still be one of the highest in the advanced economies according to all analysts’ forecasts. The real estate sector is on track to consolidate its expansion in 2018. House price trends are a good example of this. Q3 growth in house ....
The Bank of Spain (Banco de España) published their latest estimates on the growth and inflation for the next 2 years. Key Details:Sees growth of 2.4% in 2018Sees growth of 2.1% in 2019.Reduction in growth forecasts for 2018, 2019 are due to the Catalonia issue.Sees inflation at 2.0% in 2017.Sees inflation at 1.5% in 2018.Catalonia-slowdown impact not significant to 2017 numbers. Separately, Spanish Economy Minister ....
The IMF's "World Economic Outlook", published in October, confirms that Spain will recover this year all the GDP growth lost during the economic crisis, exceeding in 2017 for the first time the volume of growth in 2008. While the impact of heightened uncertainty over Catalonia remains to be seen, the Spanish economy fared well throughout Q3. Recent data points to a bounce back in growth ....
The economy seems to have rounded off another quarter of strong growth in Q2. Household spending likely benefited from strong employment growth through the quarter, with Social Security affiliations logging another month of strong job creation in June and employment growth in the manufacturing sector only easing slightly in June from May's 19-year high. Similarly, industrial output expanded at the fastest pace in nine months ....
The Spanish economy has started the year with a bang, dispelling fears of an abrupt slowdown in economic activity due to the fading of several tailwinds. The economy expanded 0.8% compared to the previous quarter on a seasonally adjusted basis, according to comprehensive data released by the National Statistics Office (INE) on 25 May. This was slightly above market expectations of a 0.7% increase, which ....
Introduction The British people’s decision to leave the European Union (‘EU’) will drive many companies, currently operating in the United Kingdom (‘UK’), to relocate to other European countries to continue enjoying the freedom of movement guaranteed by EU law. Some companies will decide to relocate only partially, keeping strategic business areas in the UK. Others will relocate entirely, moving their headquarters to other European countries ....
With dismal interest rates for savers, and the property market picking up, it's worthwhile looking at this conundrum again. Cash – interest rates are at a record low, and this is having an adverse effect on savers. Today you would be lucky to receive a rate of 2.50%, but with inflation running close to this figure, the real purchasing power of your cash is shrinking. ....
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