Economy… at a glance March 2020

Coronavirus impact, Spain According to CEPYME, the stagnation of the Spanish economy1 due to the coronavirus will slow down private consumption with a direct impact on GDP of 0.9% (or 1.7% if indirect effects are taken into consideration), and a possible loss of 313,692 jobs. By company size, small and medium-size enterprises will be the … Continued


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


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


Economy… at a glance October 2019

Economic slowdown In August, Spain recorded the third largest economic slowdown among OECD ountries, after Ireland and Slovenia. Specifically, the Composite Leading Indicator (CLI) decreased by 0.22 points to 98.58 and has been below 100 points1 for 12 months now. In turn, the rate at which the Spanish economy is slowing down has doubled that of … Continued


Economy… at a glance September 2019

Pension expense, Spain In August, the payroll of Social Security contributory pensions in Spain increased by 5.03% per year, reaching 9.68 billion euros per month. Between January and August, it increased at a rate of 6.8% year-on-year, compared with 3.8% in 2018 and 3% in 2017, and 4.5pp above the forecasted growth for the Spanish … Continued

Economy… at a glance July-August 2019

National accounts, Spain In Q1 2019, GDP increased by 2.4% year-onyear (0.1pp more than the previous quarter). This evolution is mainly on the back of domestic demand contribution (2.2pp), despite it reporting a lower dynamism compared to Q4 2018 (2.5pp): • Business investment rose by 4.7%, which is 0.3pp more than in Q4 2018. • … Continued

Economy... at a glance June 2019 Círculo de Empresarios

Economy… at a glance June 2019

Growth forecasts, Spain For 2019, the Bank of Spain has raised its growth forecasts to 2.4%, up by 0.2pp than in March, given the favourable business investments and the positive contribution of the external demand, mainly due to the lower propensity to import. In addition, the Spanish economy grows on the back of a favourable … Continued

Economy... at a glance May 2019 Círculo de Empresarios

Economy… at a glance May 2019

Growth Q1 2019 Spain In Q1 2019, GDP grew by 0.7% quarter-onquarter, its biggest progress since the end of 2017, standing at 2.4% year-on-year, 1.2 pp above the Eurozone average. The contribution of domestic demand to year-on-year growth reduced by 0.3 pp to stand at 2.2 pp, the lowest since Q4 2016. By components: • … Continued

Economy... at a glance April 2019 Círculo de Empresarios

Economy… at a glance April 2019

Industrial production Spain The Industrial Production Index, after rising by 2.7% in January year-on-year, declined by 0.3% in February, due to the contraction of the production of the energy sector (-6.15%), of the durable consumer goods (-2.4%) and intermediate goods (-0.5%). By Autonomous Community, the industrial production increased in Castilla-La Mancha (5.1%), Aragon (3.4%) and Canary … Continued

Economy... at a glance March 2019 Círculo de Empresarios

Economy… at a glance March 2019

Public accounts In January, the debt of public administrations reached €1.17 trillion, reporting a year-on-year increase of 2.6%, above the growth of the Spanish economy (2.4% in Q4 2018). Currently, the debt-to-GDP ratio is 97.4%, 2pp over the target set for 2019 (95.4% of GDP). Whereas, BBVA Research forecasts a public deficit of 2.7%* of … Continued

Economy… at a glance February 2019

Debt of Public Administrations In 2018, the total closing balance at year end of the debt of the public administrations as a whole was €1.17 trillion, recording an increase of 2.3% YoY (€26.5bn). Thus, public debt reached 97% of GDP, one-tenth more than the objective established in the General State Budget PGE 2018. By levels … Continued

Economy… at a glance January 2019

Quarterly GDP (INE and AIReF) In Q3 2018, Spain’s GDP grew by 2.4% yearon- year (-0.1pp than in Q2 2018), with a contribution of 2.8 points by domestic demand and, for the fifth consecutive quarter, a negative contribution by the external sector, of 0.4 points. In Q4 2018, AIReF maintains its quarterly growth forecast at … Continued

Economy…at a glance December 2018

Growth forecasts In the current context of deceleration of the global economy, the main international organisations have lowered their growth forecasts for Spain. The European Commission and the OECD agree that the Spanish economy will grow 2.6% in 2018 and 2.2% in 2019, below the IMF estimate (2.7% and 2.2%, respectively). For its part, the … Continued

Recibe nuestras noticias.

Círculo de Empresarios usará la información que usted proporcione en este formulario para estar en contacto con usted y enviarle actualizaciones sobre publicaciones, eventos y noticias del Círculo de Empresarios. Por favor, háganos saber todos los medios por los cuales le gustaría saber de nosotros:

Puede cambiar de opinión en cualquier momento haciendo clic en el enlace desuscribir que hay en el pie de página de cualquier correo electrónico que reciba de nuestra parte, o poniéndose en contacto con nosotros al Trataremos su información con respeto. Para obtener más información acerca de nuestras prácticas de privacidad, visite nuestro sitio web Al hacer clic a continuación, acepta que podamos procesar su información de acuerdo con estos términos.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.

Uso de cookies

Este sitio web utiliza cookies para que usted tenga la mejor experiencia de usuario. Si continúa navegando está dando su consentimiento para la aceptación de las mencionadas cookies y la aceptación de nuestra política de cookies, pinche el enlace para mayor información.

Aviso de cookies