Deadly DANA floods have impacted Spain’s impressive economic growth, national bank warns
THE Bank of Spain says that the DANA floods will cut the country’s economic growth and increase inflation. The entity said on Wednesday that 0.2%
Spain raises taxes on major food items including olive oil and bread – these are all the affected products
VAT reductions on food prices introduced at the start of 2023 to counter inflation fuelled by the conflicts in Ukraine and Middle East were rolled
A cruel summer in Spain’s job market: August sees unemployment rise by 22,000 people with 200,000 fewer workers signed up to Social Security
THE so-called ‘summer effect’ was clear to see in the Spanish job market in August, as unemployment rose by 22,000 people to a total of
Spain wants to attract more Chinese, American and Swedish tourists because they spend far more than the ‘low cost’ British and French, report suggests
RECORD foreign tourist numbers are good news for the Spanish economy but visitors from some countries spend a lot more than others. The biggest number
Spain records its lowest inflation rate in 14 months
SPAIN’S annual inflation rate fell to 2.2% in August- the lowest figure since June 2023 when it stood at 1.9%. The National Institute of Statistics
Number of US tourists visiting Spain is higher than ever, figures show – and they’re spending a lot more than before the pandemic
AMERICAN tourist numbers in Spain are rising and visitors are also spending big. Spain’s Institute of Tourism- Turespaña- says spending by trans-Atlantic tourists is up
Supermarkets in Spain are on track for a record year after seeing profit margins soar
SUPERMARKET profit margins are rising in Spain as food inflation continues to fall according to a government survey. Figures have been produced by the Business
Good news for mortgages in Spain as Euribor rate has biggest monthly fall for 11 years
VARIBALE rate mortgage holders in Spain are set for savings as the Euribor rate closed July with its lowest level in 18 months. The Euribor
Inflation in Spain fell to 2.8% in July helped by lower electricity and food prices
SPAIN’S annual inflation rate has sharply fallen to 2.8% in July, compared to 3.4% recorded in June. The National Institute of Statistics(INE) says the rate
Why is Spain’s economy the best performing in Europe? All you need to know after the IMF boosted its 2024 growth forecast to 2.4%
A REPORT published by the International Monetary Fund in June revealed staggering recent growth of the Spanish economy, far outpacing that of the overall Eurozone.
Spain posts lowest unemployment rate in 16 years: Tourism gives summer jobs boost
SPAIN’S unemployment rate in the second quarter of 2024 stood at 11.27%- the lowest figure between April and June for 16 years. The National Institute
Mortgage rates in Spain could soon see a drop in good news for homeowners
VARIABLE rate mortgage rates could soon fall, as the one-year Euribor, the most widely used indicator in Spain to calculate figures, stood at 3.503% on
Inflation falls in Spain with food price hikes at lowest rate since end of 2021
SPAIN’S inflation rate fell by 0.2% to 3.4% in June, with the slowest rate of food inflation since December 2021- standing at 4.2%. The National
Young people in Spain are less in debt because they cannot afford to take out home mortgages
THE Bank of Spain says that debt has fallen dramatically among young people in the last 30 years because they cannot afford home mortgages. The
Spain posts lowest June unemployment rate since 2008
SPAIN has reported the lowest unemployment figure for June since 2008, with 2,561,067 people registered as being out of work. Registrations with social security grew
Spain’s Pedro Sanchez wants to continue VAT cuts on food into the summer
SPAIN’S Prime Minister, Pedro Sanchez, has said that he wants to extend VAT reductions on basic foodstuffs beyond the end of June. The measure introduced
European Central Bank FINALLY lowers interest rates – but mortgage holders in Spain may struggle to notice it
THE European Central Bank(ECB) cut interest rates on Thursday by a quarter of a point to 4.25%. The June reduction had been widely expected but
Spain’s ‘outstanding’ economy will grow more than expected this year, says the IMF
THE International Monetary Fund (IMF) has revised its outlook for the Spanish economy after seeing an unexpected spike in domestic spending. The expert body believes
Revealed: The provinces with the fastest growing economies in Spain’s Andalucia – partly thanks to tourism
NEW figures from Andalucia’s Institute of Statistics and Cartography show that three of the region’s provinces have been growing faster than the average, thanks in
Inflation rises in Spain due to higher electricity prices and tourist-related services
SPAIN’S annual inflation rate went up by 0.3% to 3.6% in May, mainly due to higher electricity prices and increased costs for tourism services. The
Spain returns to the shops: Retail parks and malls see customer spending soar by almost 20% compared to 2019
SPENDING in shopping centres and retail parks rose by 7.9% in the first quarter of 2024, compared to a year earlier, with figures up 19.4%
Spain’s Sabadell bank rejects merger offer from BBVA after being ‘significantly undervalued’ by its rival
A PROPOSED merger between Banco Sabadell and the BBVA has been rejected by the Sabadell board on the grounds that it ‘significantly undervalues’ the bank
Spain will need 24 million migrant workers until 2053 to shore up pension system, warns central bank
THE Bank of Spain has warned that the country’s economy will need around 24 million migrant workers until 2053 if the pension system is to
BBVA and Sabadell banks to discuss huge potential merger in Spain
TWO of Spain’s leading banks- BBVA and Banco Sabadell- could merge, subject to successful talks. The initiative has come from BBVA, the country’s second-largest bank.
Spain’s economy surged by 0.7% in the first quarter of 2024, official figures show
SPAIN’S economy grew by 0.7% in the first quarter of 2024 in contrast to sluggish GDP figures in other European Countries. The National Institute of
Spain’s economy will grow at more than double the rate of other European countries this year, according to the IMF
SPAIN’S economic growth this year has been predicted to be better than its European neighbours according to the International Monetary Fund(IMF). The IMF has raised
