The Spanish Economy
Retail Trade Index (RTI). March 2017 (April 28, 2017)
The monthly change of the RTI stands at 0.6% (SA) vs 0.4% m/m the previous month. The y/y change of the index stands at 0.9% (SA) and at 2.6% (original series).
GDP Q1-17 (flash estimate) (April 28, 2017)
GDP registers variation of 0.8% in the Q1-17. The y/y variation is 3.0%.
International Trade Report - February 2017 (April 21, 2017 - pdf 1.1 MB)
In February exports increased by 8.3% in nominal terms to €22.08bn (+10.1% y/y SA), whereas imports avanced by 11.4% to €24.68bn (+13.2% y/y SA). In real terms, exports increased by 8.4% y/y and imports grew by 6.1% y/y. Spain’s trade balance registered a deficit of €2.61bn, up from a €1.76bn deficit in February 2016 (provisional data).The export/import coverage ratio reached 89.4% (92.1% in February 2016 with provisional data).
- Weekly Economic Bulletin (April 21, 2017 - pdf 1.3 MB)
IMF: World Economic Outlook - April 2017 (April 20, 2017)
The IMF GDP growth forecast for Spain: 2.6% for 2017 (2.3% in January and 2.2% in October 2016) and 2.1% for 2018 (2.1% in January and 1.9% in October 2016).
Long term auction: 20 April 2017 (April 20, 2017 - pdf 97 KB)
Four references were auctioned with a target range of €4.5 to €5.5 bn. Apr-2022: €1.63bn allotted, 1.58 bid to cover, 0.439% weighted average rate. Apr-2027: €1.42bn allotted, 1.55 bid to cover, 1.683% weighted average rate. Jan-2029: €0.99bn allotted, 1.67 bid to cover, 1.880% weighted average rate. Oct-2046: €0,94bn allotted, 1.70 bid to cover, 2.957% weighted average rate. The gross issuance of medium- and long-term bonds of the regular funding programme stands at €52.2 bn (39.3% of the projected figure for 2017)
Short term auction (Letras): 18 April 2017 (April 18, 2017 - pdf 85 KB)
Two references were auctioned with a target range of €1 to €2 bn: 3-month Letras: €0.60bn allotted, 3.13 bid-to-cover, -0.487% weighted average rate. 9-month Letras: €0.95bn allotted, 4.40 bid-to-cover, -0.334% weighted average rate.
Consumer Price Index (CPI). March 2017 (April 12, 2017)
The y/y change of the CPI index stands at 2.3%, the seven tenths lower than the previous month. Core CPI decreases one tenth to 0.9%. The harmonized consumer price index (HICP) decreases nine tenths to 2.1%.
AIReF: Debt Flash (April 11, 2017)
The "Debt Flash" highlights a series of key indicators useful for debt sustainability analysis at a subsector and regional level.
Industrial Production Index (IPI). February 2017 (April 07, 2017)
The m/m change of the Industrial Production Index stood at -0.2% (SA). The y/y change of the IPI stood at 2.5% in SA terms and at -1.7% in the original series.
Labour Market: Social Security covered workers. March 2017 (April 04, 2017 - pdf 69 KB)
In the month of March, Social Security system contributors increased by 161,752 persons (0.91%, m/m). In seasonally adjusted terms, Social Security contributors increased by 73,941 persons. Versus a year earlier, the annual increase in recorded affiliation is 604,209 (3.49% y/y).
Labour Market: Registered unemployment. March 2017 (April 04, 2017 - pdf 71 KB)
In the month of March, registered unemployment decreased by 48,559 persons (-1.29%, m/m). In seasonally adjusted terms, registered unemployment decreased by 30,819 persons. Versus a year earlier, the annual fall in registered unemployment is 392,453 (-9.58% y/y).
Markit Manufacturing PMI. March 2017 (April 03, 2017)
The SA PMI index posted at 53.9 in March, down from 54.8 in February but still signalling a solid monthly improvement in the health of the manufacturing sector. Business conditions have now improved in each of the past 40 months.
(April 2017 - pdf 971 KB)
Stability Programme 2016-2019 (Summary presentation) ES
(April 2016 - pdf 234 KB)
National Reform Programme 2016 Executive Summary
(April 2016 - pdf 190 KB)