In September, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 3,154 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento). The figure was up from the 2,647 permits approved in August. That said, on an annual basis permits declined 59.9%, a sharp deterioration over the 39.2% fall recorded in August. As a result of the monthly figure, the moving 3-month sum totalled 9,840 permits in September, which represents a 49.4% decline over the same period last year and also marks a new record low, indicating that the housing market remains depressed. At the current level, permits are only a fraction of the number given during the peak in the July-September period of 2006, when 268,266 permits were granted.
Housing starts continue to fall
November 29, 2012
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Spain Housing Chart
Note: Monthly construction permits and three-month sum in thousands.
Source: Ministry of Public Works and Spanish Board of Architects.
Spain Economic News
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.
September 29, 2016
In July, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 6,267 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento).