Articles tagged as: eurozone

July 23rd, 2014

According to data from the EU statistics office, Eurostat, the Spanish construction sector is once again looking buoyant, as the production in this sector registered an increase of 42.4% year-on-year in May, the highest percentage in Europe. This percentage is well above the increases registered for the eurozone (3.5%) and ...

Continue reading Spanish Construction Sector Fastest Growing in Europe

July 22nd, 2014

Speaking at an event organised by the Chambers of Commerce of Andalusia, the President of the Spanish Government, Mariano Rajoy, maintained that the fiscal consolidation and structural reform policies implemented by the Government, together with the strengths of the Spanish economy, have enabled Spain to return to growth and job ...

Continue reading Rajoy Reiterates Success of Structural Reforms and Commitment to SMEs

July 18th, 2014

According to projections contained in the Coyuntur report for the second quarter of 2014, prepared by the Ministry of Industry, Energy and Tourism, Spain will receive 22.7 million international tourists in the third quarter of the year, coinciding with the summer months, which is an estimated increase of 1.7% compared ...

Continue reading 22.7 Million International Tourists Expected in Spain This Summer

July 17th, 2014

In a news release last week, the EU statistical agency, Eurostat, reported that the price of Spanish homes, as measured by the House Price Index (HPI), dropped by just 1.6% in the first quarter of 2014 year-on-year and by just 0.3% quarter-on-quarter - very moderate percentages which show the change ...

Continue reading Spain House Price Declines Moderate

July 3rd, 2014

The unemployment rate in the eurozone remained stable in May for the second consecutive month, at 11.6%, its lowest level since September 2012, which represents a decrease of four tenths over the figure for May 2013, according to the latest figures from the EU statistical office, Eurostat, which places Spain ...

Continue reading Spain Still Second Country in Eurozone with Highest Unemployment

June 23rd, 2014

Eating, drinking and smoking in Spain is cheaper than the European average, as well as buying clothes, according to a report published last week by the European Commission statistical office, Eurostat. Overall, the organisation estimates that the typical shopping basket and some of the most common services are cheaper in ...

Continue reading Spain Cheapest EU Country to Eat, Drink and Smoke

June 20th, 2014

According to data published this week by the EU statistics office, Eurostat, the income per capita in Spain fell to 95% of the European Union (EU) average in 2013, compared to the 96% registered in 2012, and stood at 13 points below the eurozone average (108%). The wealth per inhabitant ...

Continue reading Income Per Capita in Spain Fell to 95% of EU Average in 2013

June 10th, 2014

In Spain, the price per litre of petrol began the month of June with an increase of 0.35%, putting it not only at its highest level so far this year, but since September last year, according to data from the latest European Union Oil Bulletin. Specifically, a litre of petrol presently ...

Continue reading Price of Petrol at Highest Level Since September 2013

June 10th, 2014

The global credit rating agency, Fitch Ratings, has predicted that the price of housing in Spain will finally bottom out at the beginning of 2015, in a real estate market marked by high rates of unemployment and difficulties in obtaining financing. The agency highlighted the fact that the Spanish economy is ...

Continue reading Fitch Forecasts House Prices Will Bottom Out Early Next Year

May 22nd, 2014

According to the results from the 14th Ipsos-Europ Assistance Barometer, which analyses the intentions of European holidaymakers, only 42% of Spanish citizens are contemplating going on holiday this summer, with an average budget of 1,723 euros, which is 25% less than the European average. The poll, which questioned a sample of ...

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May 19th, 2014

The eurozone economy grew by 0.2% in the first quarter of the year compared with the previous quarter, while in the European Union (EU) it increased by 0.3%, according to the first estimates published on Thursday by the European Commissions’s statistical office, Eurostat. Year-on-year, compared with the same quarter of ...

Continue reading GDP up 0.2% in the Eurozone and 0.3% in the EU

May 14th, 2014

According to a new pan-European survey published this week by the Pew Research Centre, 34% of Spaniards believe that their economy will improve in the next 12 months, which is 11 points more than in 2013, although only 8% believe that the current situation is good, compared to 85% of ...

Continue reading 34% of Spaniards Believe Economy Will Improve Next Year

May 8th, 2014

Unemployment rates remained unchanged in the eurozone in March, at 11.8%, as well as in the whole of the European Union (EU), which stood at 10.5%, according to the latest data published by the European Commission's statistical office, Eurostat. The percentage in the eurozone has been the same since December ...

Continue reading March Unemployment Stable at 11.8% in Eurozone and 10.5% in the EU

April 25th, 2014

The revival of the construction industry in Spain seems to be getting closer, after recent data revealed signs of growth in the sector’s activity. This latest indication of recovery comes from the EU statistics office, Eurostat. According to the organisation’s production data related to construction in Spain, construction activity shot ...

Continue reading Construction Activity in Spain Rose by 23.9% in February

April 23rd, 2014

According to final figures released by the EU statistics office, Eurostat, on Wednesday, annual inflation in the eurozone fell to 0.5% in March, compared with 0.7% registered in February. A year earlier, the annual rate of inflation in March was 1.7% in the eurozone, while the monthly rate stood at 0.9%, ...

Continue reading Eurozone Annual Inflation Down Two Tenths in March