Interest Rate in Spain
Spain - Interest RateAvailable data points to softer activity in the final quarter of the year, after a strong rebound in consumer spending buttressed growth in Q3. Industrial production shrank for the first time in seven months in October, while the manufacturing PMI remained firmly entrenched in negative territory in October and November amid ongoing economic and political uncertainties. These conditions will likely also bite into household consumption, as reflected by slowing retail sales growth in October and consumers turning deeply pessimistic in November. Meanwhile, the center-left Spanish Socialist Worker’s Party (PSOE)—which quickly struck a coalition agreement with leftist United We Can (UP) following the 10 November election—continues its talks with other smaller parties, most notably the separatist Republican Left of Catalonia party (ERC), in order to form a government. The outcome of a likely second-round investiture vote, which seems will occur in the next few weeks, remains uncertain.
Spain - Interest Rate Data
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Spain Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.46||5.62 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 10, 2020
Industrial production rose a strong 2.1% year-on-year in seasonally- and calendar-adjusted terms in November, rebounding from October’s 1.3% dip and marking a 10-month high.
January 6, 2020
Reflecting a softer contraction in manufacturing activity and faster growth of the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) rose from 51.9 in November to 52.7 in December, the highest reading since April.
December 30, 2019
Spain’s current account balance recorded a surplus of EUR 2.8 billion in October, well above both the EUR 1.5 billion surplus recorded in October 2018 and the EUR 893 million surplus logged in September.
December 30, 2019
Economic activity remained steady and healthy in the third quarter, according to a second GDP estimate released by the National Statistics Institute (INE) on 30 December.
December 27, 2019
Retail sales grew 3.0% year-on-year in November, accelerating from the 2.6% rise logged in October.