Stock Market in Spain
Spain - Stock MarketA preliminary estimate revealed that the economy lost momentum in Q2 on weaker domestic demand; nevertheless, the expansion remained among the strongest of the major Eurozone economies. Household consumption moderated slightly amid softer employment growth, while capital spending contracted due to a sharp fall in machinery and equipment investment. A more upbeat external sector—driven by a solid bounce-back in exports—cushioned the overall deceleration, however. Meanwhile, available data hints that activity eased further at the start of Q3. In July, the pace of job creation slowed considerably, while consumers turned more pessimistic. In addition, the composite PMI fell to an over five-year low, dragged down by a less dynamic services sector. In politics, Pedro Sánchez failed to garner enough parliamentary support to be sworn in as prime minister in late July. He now has until 23 September to rally the required support; if that fails, repeat elections will be called for 10 November.
Spain - Stock Market Data
|Stock Market (annual variation in %)||21.4||3.7||-7.2||-2.0||7.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.07||5.62 %||Sep 03|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||8,857||-0.74 %||Sep 04|
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September 11, 2019
Industrial production rose 0.8% year-on-year in seasonally- and calendar-adjusted terms in July, moderating from June’s 1.6% increase.
September 4, 2019
Largely reflecting faster growth in the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) rose to 52.6 in August from 51.7 in July, which had marked the lowest print in nearly six years.
August 30, 2019
Spain’s current account balance recorded a surplus of EUR 2.1 billion in June, well above the EUR 1.5 billion surplus recorded in June 2018 but below the EUR 2.7 billion surplus logged in May.
August 30, 2019
Retail sales rose a strong 4.7% year-on-year in July, following the revised 0.4% increase logged in June (previously reported: +0.3% year-on-year) and marking a nine-month high.
August 26, 2019
Negotiations to form a government drag on nearly four months after the general election.