In August, the Spanish Board of Architects (Colegio de Arquitectos Tecnicos) granted 4,352 construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento), which was down from the 7,218 permits approved in July. On an annual basis, permits dropped 13.1%, which confirmed the feeble state of the housing market. The moving 3-month sum totalled 20,131 permits in the period ending in August, which represented a 11.5% decrease over the same period last year. At the current level, permits are only a fraction of the number granted during the peak in the July-September period of 2006, when 268,266 permits were approved. In addition, housing prices continue to decline. The general index of housing prices, produced by the Ministry of Public Works, dropped 5.6% year-on-year in the third quarter of 2011, which was faster than the 5.2% decline observed in the previous quarter. At the current level, the price per square metre reached EUR 1,730 in Q3 2011, which was 17.7% below the peak of EUR 2,101 per square metre observed in Q1 2008.
Housing market continues to deteriorate
October 31, 2011
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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).