The Spanish Economy
- Weekly Economic Bulletin (July 31, 2015)
GDP Q2-15 (flash estimate) (July 30, 2015)
GDP registers variation of 1.0% in the 2Q-15. The y/y variation is 3.1%.
Retail Trade Index (RTI). June 2015 (July 29, 2015)
The monthly change of the RTI stands at -0.8% (SA) vs 0.0% m/m the previous month. The y/y change of the index stands at 2.3% (SA) and at 3.8% (original series).
Labour market: Economically Active Population Survey (EAPS) Q2-15 (July 23, 2015)
In Q2-15, employment increases by 411,800 persons. In the last 12 months, employment increases by 513,500 persons, the y/y change in employment was +2.96%. The number of unemployed persons decreases by 295,600 in Q2-15. In the last 12 months, unemployment decreases by 473,900 persons, the y/y change in unemployment was -8.43%.
Spanish Economy Report (June 2015) (July 17, 2015)
The Spanish Economy: recent developments and prospects,
Long term auction: 16 July 2015 (July 16, 2015 - pdf 97 KB)
Four bonds were auctioned with a target range of €5.5 to €6.5bn. Apr-18: €2.3bn allotted, 2.14 bid to cover, 0.395% weighted average rate. Oct-2025: €2.2bn allotted, 1.52 bid to cover, 2.099% weighted average rate. Jul-2030: €877m allotted, 1.60 bid to cover, 2.627% weighted average rate. Jul-2041: 1bn allotted, 1,39 bid to cover, 3.177% weighted average rate. YTD the gross issuance of medium- and long-term bonds stands at €93.8bn (66% of the projected figure for the year).
Consumer Price Index (CPI). June 2015 (July 14, 2015)
The y/y change of the June CPI index stands at 0.1% (-0.2% in May). Core CPI rises one tenth up to 0.6%. The harmonized consumer price index (HICP) stands at 0.0% (-0.3% in May) y/y.
Gobierno de España: Macroeconomic Scenario Update (July 10, 2015 - pdf 479 KB)
Brief presentation summarizing Spain's new macroeconomic scenario.
Council of Ministers: budget stability targets and ceiling on State non-financial spending (July 10, 2015 - pdf 12 KB)
The government has set the budgetary stability targets for the period 2016-2018, together with the ceiling on non-financial State spending for 2016, which is 4.4% lower. Consequently, the process to start drawing up the General State Budget commences.
IMF: World Economic Outlook UPDATE - July 2015 (July 09, 2015)
The IMF improves its GDP growth forecast for Spain: 3.1% for 2015 (up from 2.5% in April and 2.0% in January) and to 2.5% for 2016 (up from 2.0% in April and 1.8% in January).
OECD Employment Outlook 2015 - Spain (July 09, 2015)
The labour market situation in Spain has improved considerably over the past year, marking a turning point from the crisis. Job creation has been strong and particularly high given the level of GDP growth. Despite the growth in employment, the jobs gap induced by the crisis is still far from being closed.
Industrial Production Index (IPI). May 2015 (July 06, 2015)
In May, the m/m change of the Industrial Production Index stood at 0.8% (SA). The y/y change of the IPI stood at 3.4% in SA terms and at 1.7% in the original series.
Markit Services PMI. June 2015 (July 03, 2015)
Services activity growth moderates but remains sharp at end of Q2: the headline S.A. Business Activity Index posted 56.1 in June from 58.4 in May still pointing to a sharp monthly rise in services activity. Activity has now increased in each of the past 20 months.
Labour Market: Social Security covered workers. June 2015 (July 02, 2015 - pdf 59 KB)
In the month of June, Social Security system contributors increased by 35,085 persons (0.20%, m/m). In seasonally adjusted terms, Social Security contributors decreased by 2,104 persons. Versus a year earlier, the annual increase in recorded affiliation is 571,400 (3.42% y/y).
Labour Market: Registered unemployment. June 2015 (July 02, 2015 - pdf 66 KB)
In the month of June, registered unemployment decreased by 94,727 persons (-2.25%, m/m). In seasonally adjusted terms, registered unemployment increased by 24 persons. Versus a year earlier, the annual fall in registered unemployment is 329,397 (-7.40% y/y).
Markit Manufacturing PMI. June 2015 (July 01, 2015)
Employment growth fastest in eight years: The SA PMI index posted 54.5 in June June, down slightly from 55.8 in May but still signalling a solid improvement in the health of the sector. Operating conditions have now improved in each of the past 19 months.
(July 2015 - pdf 1.2 MB)
Stability Programme 2015-2018 (Summary presentation)
(April 2015 - pdf 583 KB)
National Reform Programme 2015 Executive Summary
(April 2015 - pdf 251 KB)