Spain Economic Outlook
August 29, 2017The economy roared through the first half of the year, expanding at a faster-than-expected clip as both the domestic and external sector added to growth. Private consumption accelerated markedly in the second quarter as households continued to benefit from strong job creation and credit growth. So far this year, the brilliant performance of the labor market has kept household spending at healthy levels despite higher inflation and depressed wage growth. This trend seems to have carried over into the third quarter, with employment growth in the manufacturing sector growing at the fastest rate in nearly two decades in July, and growth in Social Security Affiliations for July decelerating only slightly from the previous month. Although too early to tell, the all-important tourism sector seems to have escaped largely unscathed from the terrorist attack that hit Barcelona in mid-August, as suggested by hotel occupancy rates in the touristic city.
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||1.59||1.40 %||Sep 15|
|Exchange Rate||1.20||-0.08 %||Sep 18|
|Stock Market||10,338||0.20 %||Sep 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
August 29, 2017Economic growth is expected to come in at a similar pace to last year’s, the result of a much stronger than expected H1 performance. Growth will continue to be broad-based, with the domestic sector benefiting from higher disposable income and buoyant sentiment, and the external sector supported by an upturn in global trade. The rate of expansion, however, will moderate as some of the tailwinds dissipate in upcoming months. Our panel kept their projection for this year steady at 3.0% this month. Panelists see growth of 2.5% in 2018.
Spain Economic News
August 31, 2017
The expansion in retail sales moderated at the outset of the third quarter, with July sales only growing 0.7% in annual terms.
August 31, 2017
The current account balance recorded a surplus of EUR 1.4 billion in June, which was markedly below the EUR 2.6 billion surplus in May, and below the EUR 1.6 billion surplus recorded in June of last year.
August 24, 2017
The Spanish economy accelerated at its fastest pace in almost two years in the second quarter, with GDP growing 0.9% compared to the previous quarter on a seasonally-adjusted basis, according to comprehensive data released by the National Statistics Office (INE) on 24 August.
August 4, 2017
The industrial sector ended the quarter on a strong note, with output growth decelerating only slightly in June from May’s strong increase.
August 3, 2017
The IHS Markit Purchasing Managers’ Index (PMI) Composite Output Index fell to 56.7 in July from 57.7 in June as operating conditions in both the services and manufacturing sectors suggested slightly weaker expansions.