Spain Economic Outlook
June 27, 2017The economy remains comfortably on track to record another year of strong growth. Industrial production regained some traction in April following a weak March figure, while the services and manufacturing PMIs posted strong readings in both April and May. Employment in the manufacturing sector grew at a 19-year high in May, a testament to the improving dynamics observed in the labor market. In line with this, growth in Social Security affiliations retained its momentum in May, which points to a sharp reduction in the unemployment rate in Q2. An improving job market will continue to shore up private spending despite a slowdown in real income growth linked to higher inflation. Nonetheless, the panorama is less rosy in the political arena. Having successfully cleared a key hurdle last month after securing enough support in Congress to pass the long-delayed 2017 budget, the Rajoy Administration is now facing the Catalonian government’s plan to hold a new independence referendum on 1 October. The run-up to the referendum will weigh on Spanish bond premiums and risks putting economic policymaking on the backburner.
Spain Economy Data
5 years of Spain economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||1.67||2.52 %||Jul 17|
|Exchange Rate||1.16||0.96 %||Jul 18|
|Stock Market||10,525||-1.19 %||Jul 18|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Spain Economic Growth
June 27, 2017The solid performance in exports and resilient dynamics in the domestic sector will ensure another year of strong growth. Nonetheless, economic activity will lose some steam towards the year‘s end due to a tighter fiscal stance and a gradual slowdown in consumer spending. Our panel of forecasters expects growth of 2.9% this year, which is up 0.2 percentage points from last month’s projection. Panelists see growth of 2.3% in 2018.
Spain Economic News
July 7, 2017
Industrial output grew 3.0% in working-day adjusted terms in May compared to the same month last year.
July 5, 2017
The IHS Markit Purchasing Managers’ Index (PMI) Composite Output Index rose to 57.7 in June from 57.2 in May, marking the best reading since August 2015.
June 30, 2017
In April, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 4,908 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento).
June 30, 2017
The current account balance recorded a surplus of EUR 0.4 billion in April, which was slightly below the EUR 0.6 billion surplus recorded in March and the EUR 2.5 billion surplus recorded in April of last year.
June 29, 2017
Retail sales growth in Spain seems to have regained its momentum after an erratic start to the year.