Industry Spain In March, industry indicators exhibit a downward trend year-on-year. Specifically: • The Industrial Production Index (IPI) dipped by 3.1% for the second consecutive month, 2.9 pp more than in February. By sector, the most noticeable drops occurred in energy goods (-9.9%) and durable goods (-5.8%), while capital goods (+0.5%) and intermediate goods (+0.4%) report … 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
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
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
Quarterly report. Global and Spanish economy Q1-2017- Circulo de Empresarios de Círculo de Empresarios
Financing sources Between 2010 and 2015, the non-financial companies on the IBEX 35 reduced their debts with credit institutions by 39.8%, from 138 billion euros to 83 billion euros. In terms of balance sheet structure, bank financing (% financial liabilities) for these companies went from 53 to 36.5%. Likewise, fixed income financing (corporate debt) increased … Continued
SPAIN Article IV consultation on Spain (IMF) The IMF considers that the recovery of the Spanish economy is solid and that its imbalances are being reduced. As a result the IMF has revised upwards its predictions for growth for 2016 and 2017 (3.2% and 2.3%, respectively). At the same time, it says there are some … Continued
