In October, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 8,442 new construction permits, according to data published by the Development Ministry (Ministerio de Fomento), which is down from the 10,523 permits approved in September. As a result, the 3-month moving sum totaled 26,013 permits in the period ending in October, which represented a 15.8% contraction compared to the 30,902 permits approved in the same period 2009. At the current level, permits are only a fraction of the peak of 279,070 permits, which were granted in July-September 2006. Meanwhile, the general index of housing prices, produced by the Development Ministry, showed a 3.5% drop in housing prices in the fourth quarter of 2010, dropping further from the 6.3% fall observed in the previous quarter. At the current level, the price per square meter reached EUR 1,826 in the Q4 2010, well below the peak of EUR 2,101 per square meter observed in Q1 2008.
Housing permits and prices continue to decline
January 17, 2011
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Spain Economic News
October 27, 2016
Unemployment in Spain fell to 18.9% in the third quarter, which beat both the 20.0% figure recorded in the previous quarter and the 19.3% reading the market had expected.
October 7, 2016
In August, industrial production expanded 4.0% from the same month last year in working-day adjusted terms.
October 5, 2016
The Markit Purchasing Managers’ Index (PMI) Composite Output Index came in at 54.1 in September, which was slightly below August’s 54.8 reading.
September 30, 2016
Spain’s current account balance incurred a surplus of EUR 3.0 billion in July, which was above the EUR 2.7 billion surplus recorded in the same month of last year and marked the highest reading since December 2014.
September 29, 2016
In August, retail sales rose 4.9% over the same month last year as the discount season drew to an end.