Eurostat Business Cycle Clock (BCC) confirms economic slowdown in the euro area in the fourth quarter of 2024
The Eurostat Business Cycle Clock (BCC) is a tool that illustrates the different phases of the euro area business cycle through a clock-shaped graph. It represents the empirically observed sequence of turning points in economic, growth and acceleration cycles. His instructions are […]
January 2025: Monthly Decrease in Social Security Affiliation, but Annual Growth of 3.4%
The labor market began 2025 with a slight decrease in the average number of Social Security affiliations. According to the latest data, 932,421 affiliations were registered in January, which represents a drop of 8,267 affiliations compared to December 2024. Despite this monthly drop, the year-on-year comparison shows a brighter outlook […]
José Miguel González Hernández presents the Economic Situation report of La Palma corresponding to the 4th quarter of 2024
Last Thursday, February 6, José Miguel González Hernández, Director of Consulting and Commercial Management of Corporación 5, presented the Economic Situation report of the island of La Palma corresponding to the 4th quarter of 2024. The presentation took place at the Teatro Chico in Santa Cruz de La Palma, in a […]
Retail trade closes 2024 with solid growth: Canary Islands lead sales
The General Retail Trade Index (ICM) at constant prices closed December 2024 with a variation of 4.0% compared to the same month of the previous year, evidencing a notable boost in sales. This growth was 3.1 points higher than that recorded in November, consolidating the upward trend of the retail sector in the final stretch […]
Income, consumption and wealth inequalities: Bridging the disparities
Economic inequality is a persistent phenomenon that affects millions of people around the world. It is not only reflected in income, but also in consumption capacity, savings rates and the accumulation of wealth over time. Understanding these dynamics is key to designing strategies […]
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 […]
