The Spanish Board of Architects approved 5,986 permits in May, according to data published by the Ministry of Public Works....
Latest Global Economic News
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Spain: Housing permits plunge again in May -
Euro Area: Unemployment rate inches up in June, again held down by massive short-time work schemes Labor market conditions in the common currency block worsened again in June, when Covid-19 containment measures started being loosened, although... -
Germany: GDP contracts at record-steep pace in Q2 due to Covid-19 In the second quarter, the economy contracted at the steepest pace since at least 1970, when quarterly calculations were first... -
Austria: GDP contracts in Q2 at sharpest rate since WW2 due to Covid-19 GDP contracted 10.7% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, deteriorating from the first quarter’s 2.4% contraction. Q2’s... -
Netherlands: Business confidence remains in negative territory in July Business confidence rose to minus 8.7 in July from June’s minus 15.1. As such, the index remained entrenched below both... -
Portugal: Business sentiment improves, consumer sentiment Consumer sentiment fell to minus 27.1 in July from June’s minus 25.7 as Covid-19 cases mounted, putting an end to... -
Lithuania: GDP falls in Q2 for the first time in over a decade GDP plunged 3.7% year-on-year in the second quarter, contrasting the first quarter’s 2.4% expansion and marking the sharpest contraction since... -
Mexico: GDP contracts at record pace in Q2 as Covid-19 ravages activity According to a preliminary reading, GDP collapsed 18.9% year-on-year in the second quarter, more severely than the 1.4% contraction tallied... -
Hong Kong: Decline in retail sales softens in June Retail sales fell 25.4% compared to the same month a year earlier in June, which was markedly softer than May’s... -
Switzerland: Economic sentiment improves in July, remains pessimistic The KOF economic barometer—a leading composite indicator for the Swiss economy—rose to 85.7 in July from June’s 60.6, the strongest...