Interest Rate in Spain
Spain - Interest RateThe 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
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Spain Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.34||5.62 %||Jul 30|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||8,971||-0.74 %||Jul 31|
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August 8, 2019
Industrial production rose 1.8% year-on-year in seasonally- and calendar-adjusted terms in June, accelerating from May’s 1.4% increase.
August 5, 2019
Reflecting the ongoing contraction of the goods-producing sector and slower growth in the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) edged down from 52.1 in June to 51.7 in July, the lowest reading since November 2013.
July 31, 2019
The Spanish Board of Architects approved 9,525 new construction permits in May, according to data published by the Ministry of Public Works.
July 31, 2019
Economic activity moderated in the second quarter, according to an advance GDP estimate released by the National Statistics Institute (INE) on 31 July.
July 29, 2019
Retail sales rose a mild 0.3% year-on-year in June, following a strong 3.1% upturn logged in May, which had marked a seven-month high.