Spain Economic Outlook
May 2, 2017Building on an already strong performance throughout 2016, the Spanish economy expanded at a robust rate of 0.8% in Q1. Households likely remained the linchpin of economic growth as a resilient labor market and a pickup in real estate prices contributed to private spending. This spells good news for a domestic economy that has seen the recent increase in inflation and stagnant wage growth denting disposable income. The country’s exporting sectors, which are benefiting from improved global demand and robust operating conditions, also buttressed growth. Meanwhile, headlines remain focused on the political wrangling surrounding the approval of the 2017 budget. The proposed budget heavily curtails public investment in infrastructure in a bid to bring the deficit down to the EU target of 3.1% of GDP for 2017. However, the draft, which also envisages an ambitious increase in tax collection and a hike in social security contributions, has been met with skepticism by Central Bank officials, who see revenue expectations as too optimistic.
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||1.60||1.46 %||May 09|
|Exchange Rate||1.09||-0.20 %||May 10|
|Stock Market||11,035||-0.13 %||May 10|
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
May 2, 2017Although the economy will experience a mild slowdown this year, panelists now expect growth of 2.7%—up 0.2 points from last month’s forecast—as recent data showcase the resilience of the Spanish economy. Indeed, higher investment on the heels of upbeat business sentiment and improved dynamics in the external sector will partially make up for a slowdown in household consumption. For 2018, the panel sees growth easing further to 2.2%.
Spain Economic News
May 5, 2017
Industrial production expanded 0.4% in working-day adjusted terms in March compared to the same month last year, well below February’s 2.5% increase and a disappointment to market analysts, who had expect a milder drop to 1.6%.
May 4, 2017
The Markit Purchasing Managers’ Index (PMI) Composite Output Index increased to 57.3 in April from 56.8 in March, the best reading since August 2015 and a testament to the resilient performance of the Spanish economy.
April 28, 2017
The Spanish economy continued to fire on all cylinders as it recorded another strong expansion in the first quarter of 2017, starting the year with a bang.
April 28, 2017
A strong rebound in retail sales in March highlights the underlying strength of the Spanish domestic economy even as households start to feel the pinch of higher inflation and subdued wage growth.
April 28, 2017
Spain’s current account balance recorded a deficit for the first time in a year in February, which is traditionally a weak month for the country’s external account.