spain economy
May 23rd, 2013
Spain’s Minister of Economy and Competitiveness, Luis de Guindos, said on Monday that 2013 is a "transition year", paving the way for the lowering of income tax in 2015. During the presentation of the food industry’s internationalisation strategies, along with the Minister of Agriculture, Food and Environment, Miguel Arias Cañete, ...
Continue reading Economy Minister Confident of Lower Income Tax in 2015
May 22nd, 2013
Production in the construction sector in Spain increased by 16.6% in March, compared with the same month in 2012, and represented the highest growth rate in the whole of the European Union, according to data released on Friday by the European Commission statistical agency, Eurostat. After two months of declines, the ...
Continue reading Construction in Spain Recorded Highest Growth in EU
May 15th, 2013
According to data published by the National Statistics Institute on Monday, home sales in Spain fell 12.6% in March compared with the same month of 2012, to a total of 22,086 transactions, the lowest figure since April last year, when these transactions reached just over 21,500. The March decline comes ...
Continue reading Home Sales Fell by 12.6% in March
May 9th, 2013
BBVA Research, the research service of the bank, said that the residential construction sector in Spain "remains weak", but believes that "the process of adjustment of the supply is nearing completion." In any case, according to an analysis of new building permits issued, the company notes that they "do not ...
Continue reading BBVA Says Residential Construction Adjustment ‘Almost Finished’
May 8th, 2013
According to data released on Monday by the Ministry of Employment, registered unemployment in Spain fell in April for the second month in a row, bringing the figure down to below 5 million unemployed. The Ministry’s data reveals that the fourth month of the year saw a drop in the ...
Continue reading Spain’s Unemployment Rate Dropped in April
May 7th, 2013
In March, the volume of debt which Spanish households had contracted with financial institutions reached 820,183 million euros, representing a decrease of 4.4% in a year, and putting it at its lowest level since May 2007. According to provisional data published by the Bank of Spain on Friday, the greater part ...
Continue reading Household Debt Falls to Lowest Level Since 2007
April 22nd, 2013
According to the latest data from the National Statistics Institute, the average price of renting a home in Spain remained steady in March, compared with the same month in the previous year. The Institute’s figures show that, month-on-month the cost of renting a property remained unchanged, although so far this ...
Continue reading Rental Prices Remain Steady
April 19th, 2013
According to the latest data from the Council of Notaries, based on actual notarised purchases, the sale of homes fell 13.4% in February, influenced by the new tax changes that came into force at the beginning of this year, the weakening of domestic demand, funding problems and the advance purchases ...
Continue reading Notaries Report Home Sales Fell 13.4% in February
April 17th, 2013
According to figures released at the end of last week by the National Statistics Institute, home sales in February rose by 17.3%, to 35,486 transactions. Since the Institute's report is prepared from property register data referring to closed sales from about two months previously, these figures do not reveal the real ...
Continue reading Home Sales up 17.3% in February
April 15th, 2013
According to data released last week by the National Statistics Institute, 8,644 new companies were created in February, which is 5.2% more than the same month of last year, while at the same time the number of companies dissolved in the month rose by 13.9%, to 2,568. Accumulated figures for ...
Continue reading New Businesses Up 5.2% in February
April 12th, 2013
According to a recent study carried out by Spain’s Economic Studies Institute (IEE), the labour cost per hour in the Spanish manufacturing industry amounted to 22.50 euros per hour, which is below the 24 euros average for the EU-27, and puts Spain at number thirteen in the ranking of EU ...
Continue reading Spanish Labour Costs Below EU Average
April 11th, 2013
In March, the average house price slowed its descent, year-on-year, to 10.7%, compared with the 11.6% drop recorded in February, after the tax benefits for home purchases were abolished from 1st January. With the March decline, real estate appraisers, Tinsa, reported on Tuesday that the cumulative adjustment for house prices has ...
Continue reading Decline in House Prices Moderates to 10.7% in March
April 9th, 2013
The Council of Ministers has approved, for submission to Parliament, the Draft Bill on Urban Rehabilitation, Regeneration and Renovation. It also approved the State Housing Plan 2013-2016 which, together with the new Rental Promotion Act, constitute the new model of housing policy. The Vice-President of the Government, Soraya Sáenz de Santamaría, ...
Continue reading Government Approves Comprehensive Land and Housing Plan
April 8th, 2013
According to figures released last week by the European Union statistical office, Eurostat, retail sales in the eurozone fell by 0.3% in February compared to January, when they experienced an increase of 0.9% (corrected data, down from an initial estimate of a 1.2% rise). Compared with the same month last year, ...
Continue reading Eurozone Retail Sales Down 0.3% in February
April 5th, 2013
The average number of people registered with the Spanish Social Security system rose by 30,528 in March (up 0.19%). The total number of contributors to the system now stands at 16,181,275. Increases were posted in March by all regimes of the system except the Special Coal Workers' Regime. The State Secretary ...
Continue reading 16,181,275 Spanish Social Security Contributors Registered in March
