Spain Economic Outlook
September 26, 2017The economy has soared so far this year thanks to healthy domestic demand, an upturn in global trade and improved competitiveness in the country’s exports. However, leading data for the third quarter suggests that economic momentum may have begun to peter out: Industrial output and retail sales growth softened in July, while employment growth as measured by Social Security affiliations decelerated for a fourth consecutive month in August. The August manufacturing and services PMI readings also painted a picture of potentially weaker, albeit still strong, growth in the third quarter. All told, however, the economy should continue to grow at a healthy clip in Q3 in spite of heightened political tensions in Catalonia, where the regional government intends to hold a contentious independence referendum on 1 October.
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||-2.46 %||Oct 16|
|Exchange Rate||1.18||-0.32 %||Oct 16|
|Stock Market||10,181||-0.75 %||Oct 16|
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Spain Economic Growth
September 26, 2017Quarterly economic growth has repeatedly surprised to the upside, and our panelists now expect overall growth in 2017 to come in 3.1%, only a notch below last year’s figure. Next year, the economy is expected to cool slightly as some of the tailwinds continue dissipating. Panelists see growth of 2.6% in 2018, which is up 0.1 percentage points from last month’s forecast. An improving labor market will continue to shore up private consumption, while the external sector will be buttressed by relatively low labor costs.
Spain Economic News
September 28, 2017
Retail sales grew 1.7% in annual terms in August following a revised 1.0% increase in July (previously reported: +0.7% year-on-year).
Spain: Catalan and Spanish authorities in collision course ahead of banned 1 October independence referendum
September 26, 2017
Tensions in Catalonia have reached a fever pitch in recent weeks as regional authorities forge ahead in their attempt to hold an independence referendum on 1 October.
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.