economy - Olive Press News Spain

Donald Trump announces tariffs on the EU: Bloc warns of ‘firm and immediate’ retaliation

THE European Union has promised to react immediately if US President Donald Trump introduces tariffs that match those of America’s trade partners. Trump on Thursday

14 Feb, 2025 @ 14:00

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Why Spain’s economy will ‘keep on shining’ in 2025, according to experts at Oxford Economics

A TEAM of UK economists are forecasting that Spain will have a good 2025- in contrast to other EU countries. Experts from Oxford Economics say

7 Feb, 2025 @ 16:00

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January unemployment rate in Spain is at lowest figure since 2008

January unemployment rate in Spain at lowest figure since 2008 despite seasonal falls in retail and hospitality sectors

SPAIN’S unemployment rate went up in January compared to December, but was still at the lowest figure for that month since 2008, according to government

4 Feb, 2025 @ 16:00

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Inflation rate in Spain climbs to 3% due to higher fuel and electricity prices

SPAIN’S annual inflation rate rose to 3% in January- up 0.2% on December- according to preliminary figures published by the National Statistics Institute (INE) on

30 Jan, 2025 @ 12:00

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Spain basks in impressive economic growth during 2024- easily beating eurozone countries

SPAIN’S economy grew by 3.2% in 2024- much higher than other eurozone countries- according to preliminary figures published by the National Statistics Institute on Wednesday.

29 Jan, 2025 @ 14:00

Business & Finance·Lead·National News

Spain’s unemployment rate falls to lowest total for over 16 years as more women find jobs

SPAIN’S unemployment rate fell to its lowest figure since 2008 according to fourth-quarter details from last year. The National Statistics Institute(INE) released data on Tuesday

28 Jan, 2025 @ 11:13

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Spain’s economy will grow more than early forecasts expected in 2025 according to the IMF

THE International Monetary Fund (IMF) has raised its prediction of how far Spain’s economy will grow this year by 0.2% to 2.3%. The eurozone in

17 Jan, 2025 @ 17:30

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Revealed: When Spain’s big fashion shops start their annual January sales

SPAIN’S big time for bargains- the annual January sales- officially start this Tuesday- the day after the Three Kings holiday. Though sales happen at other

3 Jan, 2025 @ 15:00

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How the cost of living in Spain will rise in 2025: Price of electricity, transport, taxes and other essentials to surge

THE New Year will herald a raft of tax increases and price hikes that will affect every household in Spain. With inflation predicted to be

27 Dec, 2024 @ 16:00

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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%

20 Nov, 2024 @ 17:00

Business & Finance·Lead·National News

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

2 Oct, 2024 @ 18:00

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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

3 Sep, 2024 @ 16:40

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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

3 Sep, 2024 @ 11:39

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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

29 Aug, 2024 @ 22:00

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Spain welcomed record number of foreign tourists in 2024

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

26 Aug, 2024 @ 15:10

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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

16 Aug, 2024 @ 14:00

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Real estate boom: Home sales continue to rise in Spain along with property prices and mortgage numbers

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

31 Jul, 2024 @ 17:22

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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

30 Jul, 2024 @ 11:08

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Spain ups its growth forecasts for 2024 and 2025 despite devastating DANA floods

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.

28 Jul, 2024 @ 09:43

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Spain's December unemployment rate is the lowest since 2007 as economy continues to grow

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

26 Jul, 2024 @ 18:00

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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

19 Jul, 2024 @ 21:00

Lead·Property

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

12 Jul, 2024 @ 12:00

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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

10 Jul, 2024 @ 17:00

Lead·Property

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

2 Jul, 2024 @ 15:45

National News

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

12 Jun, 2024 @ 18:15

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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

6 Jun, 2024 @ 17:15

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