The Spanish Economy
GDP Q3-14 (flash estimate) (October 30, 2014)
GDP registers variation of 0.5% in the 3Q-14. The y/y variation is 1.6%.
Retail Trade Index (RTI). september 2014 (October 29, 2014)
The monthly change of the RTI stands at -1.8% (SA) vs 2.5% m/m the previous month. The y/y change of the index stands at 1.1% (SA) and at 2.9% (original series).
Banco de España: Presentation of the results of the ECB´s Comprehensive Assessement (October 26, 2014)
Spanish banks have satisfactorily passed the examination: No Spanish bank as of today has a capital shortfall; The margin over the minimum thresholds set is generally a very comfortable one; The financial information disclosed offers a rigorous (the most rigorous of the SSM countries) view of asset values; The impact of an adverse scenario on banks’ capital position is limited
- Banco de España: Results of the comprehensive assessment of the banking sector (October 26, 2014)
- Weekly Economic Bulletin (October 24, 2014)
Labour market: Economically Active Population Survey (EAPS) Q3-14 (October 23, 2014)
In Q3-14, employment increases by 151,000 persons. In the last 12 months, employment increases by 274,000 persons, the y/y change in employment was +1.59%, the second consecutive quarter of increase since Q2-08. The number of unemployed persons decreases by 195,200 in Q3-14.
Spanish Economy Report (September 2014) (October 21, 2014)
The Spanish Economy: recent developments and prospects,
Short term auction: 21 October 2014 (October 21, 2014 - pdf 129 KB)
3-month Letras: €1.05bn allotted, 3.30 bid-to-cover, 0.130% weighted average rate. 9-month Letras: €3.00bn allotted, 2.08 btc, 0.359% weighted average rate.
Long term auction: 16 October 2014 (October 16, 2014 - pdf 130 KB)
Auction results: Oct-24, €2.15bn alloted, 1.64 bid to cover, 2.196% weighted average rate. Oct-28, €1.05bn alloted, 1.33 btc, 2.842% weighter avg rate. With this auction, the Treasury has completed 93.8% of the regular funding programme for the year.
Consumer Price Index (CPI). September 2014 (October 14, 2014)
The y/y change of the September CPI index was -0.2% (up from -0.5% in August). Core CPI decreased in September by 0.1pp to -0.1% y/y. The harmonized consumer price index (HICP) increased 0.2pp to -0.3% y/y.
Budget execution (August 2014) (October 09, 2014 - pdf 502 KB)
Up to August 2014, the State reduced its deficit up to 3.26% of GDP, 12.4% less than in August 2013. Excluding interest payments, the primary deficit decreased by 28.3%, amounting to 1.4% of GDP. Up to July 2014, the consolidated deficit of the General Government excluding Local Governments amounted to 3.87% of GDP, against 4.14% registered the same period of 2013.
Council of Ministers: Draft Law on Promoting Business Finance (October 03, 2014 - pdf 10 KB)
The CoM approved, for submission to Parliament, the Draft Law on Promoting Business Finance, which aims to improve the financing conditions given to SMEs by banks and encouraging alternative ways to access credit.