Spain’s Balance of trade In 2018, Spain’s trade deficit widened by 36.6% due to an increase in imports of goods (5.6%), and are 2.7pp higher than the increase in exports (2.9%). The lower dynamism of our exports is mainly explained by the deceleration of the main European economies and global trade tensions. Women on Boards … Continued
The Barometer of the Círculos seeks to provide society with clear and precise information about the strengths of the Spanish economy and how its imbalances and structural deficiencies can be resolved. In this infographic we show the position of Spain in a strategic issue such as innovation.
The Barometer of the Círculos seeks to provide society with clear and precise information about the strengths of the Spanish economy and how its imbalances and structural deficiencies can be resolved. In this infographic we show the position of Spain in a strategic issue such as innovation.
Business… at a glance February 2019 from Círculo de Empresarios
Business creation The incorporation of companies in Spain between January and November reached 88,790 companies, representing an increase of 0.77% year-over-year. By Autonomous Community, Castile-La Mancha and Madrid exhibited marked progress with 8% and 7.4%, respectively. In contrast, sharp drops were recorded in Asturias (-9.7%) and Catalonia (-6.7%). Manufacturing PMI In November, Spain’s manufacturing PMI … Continued
Business financing In 2017, the financing of non-financial companies in Spain originating in fixed income and variable income totalled €10.5bn and €26.8bn respectively, while the net flow of bank loans decreased by €7bn. This situation starkly contrasts with the pre-crisis period, when the flow of bank financing represented almost 21% of GDP (€211.6bn). Currently, Spain … Continued
Business perception In Q4 2018, the Harmonised Business Confidence Index (HBCI) of Spain decreased by 1.1% year-on-year to stand at 133.9 points, recording its biggest drop since 2013. The percentage of businessmen that are more pessimistic increases to 16.1%, while the optimists fall for the second consecutive quarter and are down to 19%. Business activity … Continued
First edition of the Executives-Parliament Program. Within the framework of the Executives-Parliament Program (PEP), the Círculo de Empresarios, in conjunction with the General Secretariat of the Congress of Deputies, presented a new Program aimed at shedding light on the constitutional position of the Congress and the workings of the legislative process for business representatives. The Executives-Parliament Program offers executives belonging … Continued
PRESENTATION REINO DE ESPAÑA BUSINESS CAREER AWARD The Círculo de Empresarios, Círculo de Economía and Círculo de Empresarios Vascos, with the endorsement of the Royal Family, annually award the ‘Premio Reino de España’ for Careers in Business, aimed at rewarding the career and example set for future generations by a major business person who has performed significant work within … Continued
The evolution of lending in Spain From January to July, the volume of new loans to companies reached €221 billion, an increase of 8.8% year-on-year. Concurrently, new consumer credit (€20.1 billion) and housing-loans (€26.8 billion) saw gains of 21.8% and 15.8% year-on-year, respectively. Private capital investment In Spain, in the first half of 2018, investment in … Continued
Business financing In 2017, bank financing for non-financial companies listed on the IBEX 35 reached €69.1 billion (5.9% of GDP), accounting for 32.9% of total financial liabilities (39.1% less than in 2010). At the same time, a structural change in its financing model was confirmed by increasing corporate debt issues by 27.8% since 2010 (55.3% of … Continued
Business… at a glance June 2018 Círculo de Empresarios de Círculo de Empresarios
Spain achieved a world ranking of 49th position in the business dynamism pillar of the Global Competitiveness Index 2017-18 report published by the World Economic Forum. Should you wish to access the Spanish version of the infographic, kindly click here.
Corporate tax receipts 2017 Corporate tax receipts in 2017 increased by 6.8%, from €21.6 billion in FY2016 to €23.1 billion in FY2017, mainly due to the improvement in corporate profits. The tax base widened to 106.3 billion, 11.7% more than in 2016. By company size, the large enterprises1 and the consolidated groups accounted for 86% … Continued
The MAB & the MARF The Alternative Equity Market (MAB) In 2017, the financing obtained through the MAB by the segment of growth companies reached €112 million (-40% yearly) in 11 operations, with 42 companies already making up this market. The Alternative Fixed-Income Market (MARF) During 2017, 29 MARF companies leveraged €3.9 billion in corporate … Continued
Business Confidence In January 2018, Eurozone PMI Composite Output Index rose to 58.8 (58.1 in December), its highest level since June 2006. France leads the growth ranking at 59.6, followed closely by Germany, Italy, and Ireland at 59. The February 2018 estimate is that of a slip to 57.5, a three-month low, although it remains … Continued
Global and Spanish economy 4Q-17 and outlook 2018 de Círculo de Empresarios ferrer”>Círculo de Empresarios
Así está… the company January 2018 Circulo de Empresarios de Círculo de Empresarios
Corporate Tax In Spain, between January and October 2017, tax revenues from Corporate Tax amounted to €20.094 billion, 9.6% more than in the same period of the previous year. The Government expects to collect €24.399 billion (2.1% of GDP) at the end of the year, 12.5% more than in 2016. Dividends Spanish public listed companies … Continued
Quarterly Report Q3-2017 Circulo de Empresarios from Círculo de Empresarios
The socioeconomic balance is a clear reflection that Spain is a success story. Since 1977, per capita income for the Spanish has doubled in real terms and gone from 76.1% of the EU average to the current 92%. The incorporation of women in the job market is a reality – their participation has grown from … Continued
Independence challenge This year in Catalonia, the number of companies starting up has fallen by 54.5% from its annual peak in March 2017 to September. Specifically, since January 2017 the year-on-year average stands at -14.5%. Thus, Catalonia’s ability to create new businesses with regard to all of Spain, has fallen by more than 10 percentage … Continued
The year 1977 evokes images of change, freedom, openness and mutual understanding. Many Spanish people can remember where they were when the recent democratic history of our country began. Others, because of their age, grew up while this was being consolidated, or had the good fortune to be born in a modern Spain that was … Continued
All the best things that have happened in Spain over the past 40 years of democracy have been a result of the attainment of our freedom and the achievement of our country’s modernisation, which has been boosted and reinforced through our integration with and commitment to the European project. Since 1977, the history of Spain … Continued
Business demography Structural business statistics According to the Central Business Directory (DIRCE) in 2016 and for the third consecutive year, the number of active companies increased by 1.4%, reaching 3.282.346. Reduced business size By number of employees, 55.5% of all Spanish companies had no employees and 27.2% had just one or two employees. Altogether, in … Continued
Quarterly report on the global and Spanish economy Q2-2017 Circulo de Empresarios from Círculo de Empresarios
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
The Barometer of the Círculos, now in its fourth edition, maintains its commitment to Spanish society to help resolve the imbalances that persist in the wake of the recent economic crisis. This objective is shared by the Círculo of Entrepreneurs, the Círculo of Economy and the Círculo of Basque Entrepreneurs, and has been since the … Continued
