Business… at a glance March 2020

Industrial Production, Spain In January, the Industrial Production Index (IPI) decreased 2.1% year-on-year, its biggest drop since March 2019 (-2.7%). By sectors, all have fallen, especially in energy (-5.8%) and consumer goods (-1.8%). By Autonomous Community, the IPI only increased in Navarra (8.6%) and Galicia (2.9%), while the largest declines were recorded in Andalusia (-12.1%), … Continued

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Economy… at a glance February 2020

Financing, Spain In H2 2019, growth in lending to households and non-financial companies diminished compared with 2018. This is mainly explained by the gloomy economic outlook and the slight tightening of loan standards, although the financing costs remained at fairly moderate levels. In the case of households, bank loans rose on average by 0.2% year-on-year, … Continued

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Business… at a glance February 2020

Industrial production, Spain In 2019, the Industrial Production Index in Spain (IPI) rose by an average of 0.6% yearon- year compared to the decline in the Eurozone (-1.7%). Nonetheless, this increase was 0.14pp lower than in 2018, and the lowest increase since 2014. By sectors, the increase in production of capital goods (2.5% year-on-year) and … Continued

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Economy… at a glance January 2020

Forecasts, Spain Against the backdrop of the current synchronised global economic slowdown, the main national and international organisations forecast growth of between 1.9% and 2% annually in 2019 for the Spanish economy. Additionally, by 2020, the Funcas Consensus forecasts that growth will slow down to 1.6%. This rate will be based mainly on the positive … Continued

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The Círculo de Empresarios’ principles and recommendations for energy transition

Contemporary society is undergoing extraordinary transformation with major consequences for the energy sector – a key industry with respect to socio-economic progress. Global GDP is forecast to double by 2050 and the world’s population will reach 9.8 billion. Given this context, it is essential to tackle climate change and environmental protection, promoting the efficient and … Continued

Business… at a glance January 2020

Industrial production, Spain In November 2019, the Industrial Production Index (IPI) in Spain increased by 2.1% year-on-year, compared with the 3% decline registered in the same month of 2018. This increase is the second largest of the year since the 2.8% increase in January, in a context where the industrial production throughout the Eurozone has … Continued

Quarterly Report. Perpectives on Global and Spanish Economy Q4-2019

Overview of the economic situation Q4 2019 The main international organisations ( IMF, OECD, World Bank, and European Commission) warn of a global economy in a synchronised slowdown against the backdrop of mounting uncertainty and new geopolitical risks Thus, the second half of 2019 has been marked by the outbreak of social protests and institutional … Continued

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Business… at a glance December 2019

Tourism, Spain Between January and October 2019, tourist arrivals in Spain increased by 1.1% year-onyear, which is 0.5pp more than the increase recorded in the same period last year, amounting to 74.4 million visitors. Despite this increase, the tourist arrivals from the following main tourist sending countries dropped: • The United Kingdom (22% of the … Continued

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Business… at a glance November 2019

Trade in goods, Spain Between January and September (Eurostat), exports of Spanish goods increased by 1.4% year-on-year, which is 2.5pp less than in the same period of 2018, to €221.5 billion (18.4% of GDP). Concurrently, imports slowed down to a moderate growth of 1% year-onyear, compared with 6.3% in the same period last year, standing … Continued

Ten pressing issues for the Spanish Healthcare system in 2019

One of the main objectives of the Círculo de Empresarios is to analyse the different areas of Spain’s economic and social reality and to offer ideas and constructive proposals for the benefit of Spanish society as a whole. In this sense, we have always been concerned about our Welfare State, and making it sustainable and responsive … Continued

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Business… at a glance September 2019

Labour cost, Spain The rise in the minimum wage since January 2019 (22.3%) and the higher maximum contribution bases to Social Security (7%) are the main factors that explain the rise in labour costs. Specifically, in Q2 2019, the labour cost per worker increased by 2.4% year-on-year (2.1% in Q1 2019) to €2,664.55, the largest … Continued

C-Suite Challenge Report 2019

Companies are evolving all the time: they grow; split off into smaller parts; acquire and divest; innovate products, processes, and services; adopt new technologies; and engage differently with their customers and employees. And so it has been for centuries. But today, companies are grappling with fundamental paradigm shifts. Disruptive forces are rendering company and industry-wide … Continued



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