unemployment

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

Signs of slowdown set in for the Spanish economy • GDP In Q2 2018, the Spanish economy expanded by 0.6% quarter-on-quarter, one-tenth less than in Q1, and 2.7% year-on-year, after narrowly exceeding 3% in the last three years. This evolution is explained by the deceleration in private consumption (+0.2% vs 0.6% average in 2017) and by … Continued

Perspectives on Global and Spanish Economy Q3-2018 Circulo de Empresarios from Círculo de Empresarios

Asi está the economy January 2018 Circulo de Empresarios from Círculo de Empresarios

SPAIN Tourist movements (Frontur) Spain registered 57.3 million tourists in the first eight months of 2017 (9.9% more than in the same period of 2016). By country, the main countries of origin were the United Kingdom (13 million), France (8.4 million) and Germany (8.2 million). Labour (Ministry of Employment) September ended with 27,858 more unemployed … Continued

SPAIN National Accounts 4Q 2016 (INE) In 2016 the Spanish economy grew 3.2% year-on-year, reaching a nominal GDP of 1.113trillion euros. In the 4Q, the GDP increased 0.7% quarter-on-quarter and 3% year-on-year (vs. 3.2% in the 3Q of 2016). The contribution of domestic demand to annual GDP growth in the 4Q was 2.2 points, three … Continued

SPAIN Employment December 2016 (Ministry of Employment and Social Security) Registered unemployment was reduced by 86,849 persons with respect to November, for a total of 3,702,974 unemployed persons, one of the lowest levels of the past seven years. In year-on-year terms, it dropped by 390,534 (-9.54%), the greatest drop since 1999 and a descent of … Continued

Spain continues to grow faster than the average in the Eurozone, whose GDP grew 0.6% in inter-quarterly terms and 1.6% with respect to the 1Q 2015.

In the active population survey for the third quarter of 2015, Spain’s employment rate among the total population of more than 16 years reached 46.9% and the total number of employed workers was 18,048,700, following a 1.02% quarterly increase (+182,200 = 152,100 in the private sector and +30,100 in the public sector). The annual progress … Continued

Moderation in global growth China continues desacelerating Further weakness in Brazil in 2015.

SPAIN Accounting Q2 2015 – INE In the Q2, GDP increased 1% quarterly and 3.1% year-on-year, essentially because of internal demand (3.3). Spending on household consumption increased 3.5% year-on-year, similar to the Q1, because of increased employment (2.9%, or 477,000 new jobs) and greater family disposable income (because of a drop in the price of … Continued

SPAIN Unemployment, hiring and Social Security affiliation In June, unemployment dropped for the fifth consecutive month, by 94,727 persons, to a total of 4,120,304 persons, the smallest drop in a month of June in the last three years. This drop was generalized, with the excep-tion of a 3.6% increase (7,027 personas) in agriculture. Among people … Continued

CHINA continues desacelerating although its more flexible financial policy. Real GDP growth rates stabilized in emerging countries except India. Increased economic dynamism in developed countries.

SPAIN Growth Quarterly National Accounts (INE) In the 1Q of 2015 the Spanish economy experienced its greatest annual advance since 2007: 2.6% (2% 1Q 2014), thus linking six positive quarters. The quarter-on-quarter rate rose 0.9% (0.7% 4Q 2014). This recover is based on greater private consumption, improved expectations and better financial conditions, and the drop … Continued