Eurozone and EU deficits decrease compared to the second quarter of 2024
In the third quarter of 2024, the seasonally adjusted general government deficit to GDP ratio stood at 2.6% in the euro area (EA20) and 2.9% in the EU. Compared to the second quarter of 2024, the deficit ratio decreased in both the euro area and […]
Salary trends 2025: a global analysis and the strategic challenge for the Canary Islands
José Miguel González Hernández, Director of Consulting and Commercial Management at Corporación 5, presents an exhaustive analysis of the salary trends expected for 2025, evidencing the economic inequalities that persist at a global and regional level. Globally, sectors such as pharmaceuticals lead salary increases, with increases of more than 10%, driven by their resilience […]
Turnover in the Industry Decreases 2.0% Year-on-Year in November 2024
In November 2024, the General Industrial Turnover Index (ICN) showed an annual decrease of -2.0% in the original series and -0.4% in the series adjusted for seasonal and calendar effects. On a monthly basis, the index grew by 0.9% compared to October, eliminating seasonal and […]
The CPI rises to 2.8% in December 2024, driven by core inflation and the IPCA
In December 2024, the Consumer Price Index (CPI) reached an annual rate of 2.8%, which represents an increase of four tenths compared to the previous month. Main influences on the increase in the CPI The groups that contributed the most to this increase were: Transportation: With an annual rate of 0.6%, increased by 1.6 […]
José Miguel González Hernández analyzes the economic divergence between the Canary Islands and the rest of Spain on RTVC
José Miguel González Hernández, our Director of Consulting and Commercial Management at Corporación 5, was invited to participate in the program Ponte al día on Radio Televisión Canaria (RTVC.es). During his speech, José Miguel offered a detailed analysis of the economic divergence between the Canary Islands and the rest of the national territory, addressing the factors that contribute […]
Eurostat publishes inflation in the euro zone: 2.4% in December 2024
Eurozone annual inflation is expected to reach 2.4% in December 2024, a slight increase from the 2.2% recorded in November 2024, according to estimates published by Eurostat. This increase reflects changes in the main components that influence inflation in the region. Breakdown by Components Between […]
José Miguel González, Director of Consulting and Commercial Management at Corporación 5, assures that the Canary Islands will continue to grow in this new year, but at decelerated rates.
In 2024, the Canary Islands experienced moderate economic growth, still driven by the post-crisis rebound of 2020. José Miguel González explained that, although the year was positive, growth will slow in 2025 due to the structural limitations of the Canary Islands economy, which continues to depend on tourism and public consumption. As for […]
Eurostat publishes data on purchasing power parities (PPP)
Actual individual consumption (AIC) per capita in European Union countries ranges between 70% and 136% of the EU average. These data, based on purchasing power parities (PPP) published by Eurostat. The AIC as an Indicator of Wellbeing The AIC per capita, […]
ISTAC publishes imports in value in the Canary Islands until October 2024, registering an increase of 3.9% compared to 2023
Foreign trade in the Canary Islands continues to show interesting dynamics during 2024. According to provisional data, between January and October of this year, imports amounted to 18,722.449 million euros, which represents an increase of 3.9% compared to the same period of the previous year. On the other hand, exports reached 3,025.852 million euros, […]
