December 5th, 2013
Continue reading Eurozone Unemployment Rate 12.1% in October
December 4th, 2013
Continue reading Spain Leaves Recession as GDP Grows by 0.1%
November 27th, 2013
Continue reading Spain Registers Second Biggest Increase in Construction in Europe
November 8th, 2013
For the first time since 2008, the PwC Economic Consensus has forecast an improvement in the Spanish economy over the next twelve months, with advances in productive investment, household consumption and even employment. PwC have prepared this consensus since 1999, employing a panel of over 380 experts, entrepreneurs and executives. ...
Continue reading Experts Predict Improvements in the Spanish Economy in 2014
November 7th, 2013
According to the European Commission statistics office, Eurostat, the savings rate of households in the eurozone fell in the second quarter to 12.8%, compared with 13.1% in the first three months of the year, representing their lowest level since the euro came into circulation. In the whole of the EU, ...
Continue reading Eurozone : Household Savings Lowest Since Introduction of Euro
November 6th, 2013
According to data from the German Economy Institute prepared by the Institute of Economic Studies, labour costs in Spain’s manufacturing industry stood at 22.4 euros per hour worked, which is 14.5 euros less than in Germany, where they reached 36.98 euros. Of the 44 countries analysed, Spain ranked 18th, having ...
Continue reading Labour Costs in Spain 14.5 Euros Per Hour Less Than in Germany
October 25th, 2013
The Secretary General of the Organization for Economic Cooperation and Development, Angel Gurria, said this week that "Spain is on the right track", and that the reforms and adjustments already made, have caused a shift in the state of Spain’s economy. Speaking to Bloomberg, Gurria maintained that the Government of Spain ...
Continue reading “Spain is on the right track”, Says OECD
October 25th, 2013
According to the European Commission statistical office, Eurostat, the production of the construction sector in Spain increased by 7% in August compared with the same period of 2012 - the third largest increase in the whole of the European Union - and a positive percentage which contrasts, on the other ...
Continue reading Spain’s Construction Activity Rises 7% Year-on-Year
October 18th, 2013
The price of housing in Spain experienced a drop of 10.6% in the second quarter, year-on-year, the highest amongst the countries of the eurozone, according to data released last week by Eurostat. However, this decline represents a slowdown compared with the year-on-year fall of 12.8% recorded in the first three ...
Continue reading Decline in Spain’s House Prices Biggest in the Eurozone
October 17th, 2013
Despite the crisis, between mid-2012 and the first half of 2013, the number of people in Spain with a net worth of at least one million dollars (740,000 euros) increased by 13.2%, to a total of 402,000 people, according to a study carried out by leading global financial services company, ...
Continue reading Number of Millionaires in Spain up 13%
October 7th, 2013
International investors are willing to invest 14,000 million euros in the purchase of real estate assets in Spain over the next twelve months, according to a survey carried out by consultancy firm Knight Frank, among 184 international investors. On the list of the European countries most attractive to investors, Spain has ...
Continue reading Foreign Investors Looking to Invest in Spanish Property
October 4th, 2013
According to the latest data published by the European Commission’s statistics agency, Eurostat, the number of people registered as unemployed in the eurozone reached a total of 19.17 million in August, representing a reduction of 5,000 unemployed compared to July, and the third consecutive monthly decline, although the rate of ...
Continue reading Eurozone Unemployment Remains at 12%
October 3rd, 2013
The twelve month Euribor closed September up, with an average rate of 0.543%, although mortgage payments lowered by an average of 9 euros per month, or more than 100 euros per year. According to market data, the monthly Euribor average is slightly higher than the 0.542% recorded in August. However, it ...
Continue reading Euribor Up in September But Mortgage Payments Down
September 25th, 2013
According to the findings from the twelfth annual study of Transatlantic Trends conducted by the United States’ German Marshall Fund in collaboration with the BBVA Foundation and other European foundations, 30% of the Spanish population would vote to abandon the eurozone and return to using the peseta as currency, compared ...
Continue reading 3 in 10 Spanish Would Bring Back the Peseta
September 25th, 2013
According to their quarterly report on the economy of the eurozone, the credit rating agency, Standard & Poor's (S & P), predicts that the Spanish economy will grow by 0.5% in 2014, one tenth less than their July estimate, and that unemployment will continue to increase up to a maximum ...
Continue reading S & P Predicts Spain Will Grow by 0.5% in 2014