The Spanish Economy
- Weekly Economic Bulletin (September 23, 2016 - pdf 625 KB)
Short term auction (Letras): 20 September 2016 (September 20, 2016 - pdf 84 KB)
Two references were auctioned with a target range of €2.5 to €3.5 bn: 3-month Letras: €0.40bn allotted, 7.43 bid-to-cover, -0.423% weighted average rate. 9-month Letras: €2.61bn allotted, 2.37 bid-to-cover, -0.272% weighted average rate.
Quarterly Labour Cost Survey (QLCS). Q2-2016 (September 16, 2016)
The labour cost of companies decreases 0.1% in the Q2-2016 vs the same period of 2015. The wage cost per worker per month increases by 0.1% and other costs decreases 0.6%.
Long term auction: 15 September 2016 (September 15, 2016 - pdf 93 KB)
Three references were auctioned with a target range of €3 to €4 bn. Jul-2021: €1.38bn allotted, 1.97 bid to cover, 0.153% weighted average rate. Oct-2026: €1.33bn allotted, 2.15 bid to cover, 1.125% weighted average rate. Jul-2030: €1.18bn allotted, 1.27 bid to cover, 1.447% weighted average rate. The gross issuance of medium- and long-term bonds stands at €96.9bn (80.6% of the projected figure for the year).
Consumer Price Index (CPI). August 2016 (September 13, 2016)
The y/y change of the CPI index stands at -0.1%, five tenths higher than that registered the previous month. Core CPI stands at 0.9%, two tenths higher than that registered in July. The harmonized consumer price index (HICP) stands at -0.3% y/y, four tenths higher than that registered the previous month.
Industrial Production Index (IPI). July 2016 (September 09, 2016)
The m/m change of the Industrial Production Index stood at 0.2% (SA). The y/y change of the IPI stood at 0.3% in SA terms and at -5.2% in the original series.
Markit Services PMI. August 2016 (September 05, 2016)
The headline seasonally adjusted Business Activity Index rose to 56.0 in August from 54.1 in the previous month, thereby signalling a marked monthly expansion of activity and one that was stronger than recorded in the previous month. Service sector output has now risen in each of the past 34 months.
Labour Market: Registered unemployment. August 2016 (September 02, 2016 - pdf 67 KB)
In the month of August, registered unemployment increased by 14,435 persons (0.39%, m/m). In seasonally adjusted terms, registered unemployment decreased by 24,462 persons. Versus a year earlier, the annual fall in registered unemployment is 370,459 (-9.11% y/y).
Labour Market: Social Security covered workers. August 2016 (September 02, 2016 - pdf 59 KB)
In the month of August, Social Security system contributors decreased by 144,997 persons (-0.81%, m/m). In seasonally adjusted terms, Social Security contributors increased by 337 persons. Versus a year earlier, the annual increase in recorded affiliation is 519,096 (3.02% y/y).
Markit Manufacturing PMI. August 2016 (September 01, 2016)
The SA PMI index was unchanged at 51.0 in August, signalling a marginal improvement in business conditions for Spanish manufacturers. Output has now risen in each of the past 33 months.
Retail Trade Index (RTI). July 2016 (August 26, 2016)
The monthly change of the RTI stands at 0.5% (SA) vs 1.7% m/m the previous month. The y/y change of the index stands at 4.9% (SA) and at 3.1% (original series).
Quarterly National Accounts Q2-16 (August 25, 2016)
In Q2-16, the Spanish economy registered a quarterly growth of 0.8%. This rate is the same as the one recorded in Q1-16. Year-on-year growth stands at 3.2% vs 3.4% registered in the previous quarter.
(May 2016 - pdf 994 KB)
Stability Programme 2016-2019 (Summary presentation) ES
(April 2016 - pdf 234 KB)
National Reform Programme 2016 Executive Summary
(April 2016 - pdf 190 KB)