Investment (Bank of Spain) Productive private investment in Spain has had a key role in our economic recovery, contributing to more than 20% of GDP growth between 2014 and 2016. By components, the greatest investment was in capital goods and transport material. This investment dynamism was greater than that in the Eurozone, and has been … Continued
Risk Capital in Spain 2016 balance After six months of political uncertainty, investment activity was more vigorous in the second half of 2016, something explained in part by seven large operations that accounted for 47% of the year’s total investments. According to the initial estimates by Ascri, risk capital in Spain finished 2016 with total … Continued
Payment performance Average payment time (INFORMA) In the 2Q of 2016 the average payment period continued to drop, reaching 91.48 days, its lowest level since the 2Q of 2014, and 3.37 days lower in year-on year terms. For its part, the proportion of punctual payments by companies (47.52%) increased 4 percentage points in comparison with the same quarter of the previous year. … Continued
Barometer of the companies Corporate trends According to the Deloitte Barometer, of the 294 Spanish companies surveyed, 61% report that their billing improved in the second half of 2015 (although it was some 2 decimal points lower than in the first half of the year) a figure slightly higher than their expectations for the first half of 2016. In addition, … Continued
According to the Association of Alternative Stock Market Companies (AEMAB), at the end of 2014 this market had 28 companies. By size, 29% are large (+250 employees), some 32% are mediumsized (50-249 workers) and the rest are micro (0-9) and small firms (10-49).
Private sector financing New company credit Since February of 2015, in year-on-year terms, there has been a gradual recovery in the flow of new credit to non-financial companies. In August, lending by credit institutions to companies was 23,650 million euros, or 16.3% more than in the same period of the previous year. While this was a more moderate increase than in July … Continued
Barometer of the companies Investment The Barometer of Deloitte shows that of the 280 companies that were surveyed, 66% claim to have increased investment during the first half of 2015 –the greatest increase since 2008– as against the 58% of the same period in 2014. The principal reasons for these investment decisions were expanding business and technological changes. By intervals, 48% of … Continued
Portfolio At the end of 2014, the risk capital sector had 2,134 companies with assets of more than 20,000 million euros. This was 1,300 million euros less than in 2013 due to international disinvestments. In aggregate terms, in 2014 these companies invested an average of 8.6 million euros and provided jobs for 585,000 workers (up … Continued
Financial accounts Capacity and need for financing Increases in excess profits of non-financial corporations has strenghtened internal financing, reducing the debt burden. In 2014, they had a financing capacity of 11,335 million euros in contrast to the more than 90,000 million euros in necessary financing in 2007. Banking disintermediation has helped to reduce company debt … Continued
Installment payment of Corporation Tax In 2014, total installment payment of corporation tax increased 6.9% over 2013, to 17,425 million euros. Installment payment by the large companies and consolidated groups totaled 15,905 million euros in 2014, some 8.3% more than in 2013 and double the figure of 2011 (7,626 million).
Reindustrialization in Spain There has been a slight improvement in the industrial sector in Spain: Industrial production in January increased 0.4% year-on-year (adjusted for seasonal effects and calendar), mainly thanks to the energy sector (+3.9%) and capital goods production (+1.1%) (Index of Industrial Production, INE). Investment in capital goods increased 10.3% year-on-year in the 4Q … Continued
