The Spanish Economy
Long term auction: 20 October 2016 (October 20, 2016 - pdf 92 KB)
Three references were auctioned with a target range of €3 to €4 bn. Jan-2019: €1.15bn allotted, 2.56 bid to cover, -0.122% weighted average rate. Jul-2026: €1.48bn allotted, 1.9 bid to cover, 1.043% weighted average rate. Jul-2066: €1.13bn allotted, 1.56 bid to cover, 2.688% weighted average rate. The gross issuance of medium- and long-term bonds stands at €106.3bn (88.4% of the projected figure for the year).
Short term auction (Letras): 18 October 2016 (October 18, 2016 - pdf 84 KB)
Two references were auctioned with a target range of €2 to €3 bn: 3-month Letras: €0.41bn allotted, 6.56 bid-to-cover, -0.387% weighted average rate. 9-month Letras: €2.26bn allotted, 2.25 bid-to-cover, -0.299% weighted average rate.
Gobierno de España: Macroeconomic Scenario (October 18, 2016 - pdf 22 KB)
Spain macroeconomic scenario 2016-2017. GDP growth forecast: 2.9% for 2016 and 2.3% for 2017.
Draft Budgetary Plan of Spain 2017 and Report on the Effective Action (Spanish) (October 14, 2016)
Government authorises submission of Budget and Effective Action Plan to Brussels. This plan involves the extension of the General State Budget 2016 and contains the measures adopted by the caretaker government to ensure compliance with the deficit targets for this year and the next.
Consumer Price Index (CPI). September 2016 (October 14, 2016)
The y/y change of the CPI index stands at 0.2%, three tenths higher than that registered the previous month. Core CPI stands at 0.8%, one tenth lower than that registered in August. The harmonized consumer price index (HICP) stands at 0.0% y/y, three tenths higher than that registered the previous month.
- Weekly Economic Bulletin (October 14, 2016 - pdf 625 KB)
Industrial Production Index (IPI). August 2016 (October 07, 2016)
The m/m change of the Industrial Production Index stood at 1.4% (SA). The y/y change of the IPI stood at 4.0% in SA terms and at 6.9% in the original series.
- Fiscal Policy Strategy. October 2016 (October 05, 2016)
Markit Services PMI. September 2016 (October 05, 2016)
The headline seasonally adjusted Business Activity Index posted 54.7 in September, down slightly from 56.0 in August but continuing to signal solid monthly growth of services activity. Output has now increased in each of the past 35 months, with the latest rise mainly linked to higher new orders.
IMF: World Economic Outlook - October 2016 (October 04, 2016)
The IMF GDP growth forecast for Spain: 3.1% for 2016 (2.6% in July and 2.6% in April) and 2.2% for 2017 (2.1% in July and 2.3% in April).
Labour Market: Registered unemployment. September 2016 (October 04, 2016 - pdf 67 KB)
In the month of September, registered unemployment increased by 22,801 persons (0.62%, m/m). In seasonally adjusted terms, registered unemployment decreased by 16,906 persons. Versus a year earlier, the annual fall in registered unemployment is 373,745 (-9.13% y/y).
Labour Market: Social Security covered workers. September 2016 (October 04, 2016 - pdf 58 KB)
In the month of September, Social Security system contributors increased by 12,025 persons (0.07%, m/m). In seasonally adjusted terms, Social Security contributors increased by 44,796 persons. Versus a year earlier, the annual increase in recorded affiliation is 522,206 (3.04% y/y).
Markit Manufacturing PMI. September 2016 (October 03, 2016)
The SA PMI index rose to 52.3 in September, up from 51.0 in August and the highest since April. The reading signalled a solid monthly improvement in the health of the sector. Business conditions have now strengthened in each of the past 34 months.
(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)