Interest Rate in Spain

Spain Interest Rate | Economic News & Forecasts

Spain - Interest Rate

The first quarter’s robust momentum seems to have broadly carried over into Q2. Although industrial production moderated in May, average growth in April–May was well above that of Q1. That said, the composite PMI trended lower in Q2, mainly due to weakness in manufacturing activity. The services PMI also averaged lower, but remained fairly strong nonetheless. Moreover, retail sales accelerated in April and May, which, coupled with consumers turning less pessimistic and employment growth remaining relatively healthy in Q2, hints that private consumption firmed up. In politics, despite uncertainty over the type of power-sharing arrangement that could emerge between the Socialist Party (PSOE) and left-wing Unidas Podemos party, Parliament’s investiture debate and vote for acting Prime Minister Pedro Sánchez will take place on 22–25 July. If Sánchez fails to receive the necessary support, it considerably raises the chances of repeat elections later this year.

Spain - Interest Rate Data

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Policy Interest Rate (%)-     -     -     -     -     

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Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

Spain Facts

Bond Yield0.345.62 %Jul 30
Exchange Rate1.110.65 %Jul 31
Stock Market8,971-0.74 %Jul 31

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