Exports and imports are growing at a moderate pace Spain’s Gross Domestic Product (GDP) expanded by 0.7% in the first quarter of 2024 compared to the previous quarter, according to seasonally adjusted data from the National Institute of Statistics (INE). This rate remains similar to that registered in the last quarter of 2023. Domestic demand […]
Spanish Economy Grows 0.7% in Q1, Driven by Domestic Demand Read More »
Women and young people lead the growth, but overqualification remains an issue in some countries The EU labour market continues to show a positive trend, with the employment rate reaching a record high of 75.5% in 2023, according to the latest figures from Eurostat. This translates to over 195 million people in the 20-64 age
The data is positive, but there is still a way to go to reach the national average The Canary Islands Institute of Statistics (ISTAC) released data from the Registered Labor Force Survey (EPA) for the first quarter of 2024, showing a 1% increase in the active population in the Canary Islands compared to the previous
Canary Islands Register Increase in Active Population During First Quarter of 2024 Read More »
The business activity falls in February The turnover of Spanish non-financial companies fell 1.9% in February compared to the same month of the previous year, according to provisional data published by the National Institute of Statistics (INE). After eliminating seasonal and calendar effects, the annual growth rate remains negative, standing at -1.9%. However, the original
Business Activity Falls in February, According to the INE Read More »
Slight increase in business confidence in the Canary Islands: sign of recovery or mirage? Business confidence in the Canary Islands experienced a slight increase in the second quarter of 2024, as reported by the Canary Islands Institute of Statistics (ISTAC). The Harmonized Business Confidence Index (ICEA) reached 134.5 points, representing a 0.3% increase compared to
CPI in the Canary Islands: Rises to 3.5% in March, with increases in oils, potatoes, and sheep meat The Canary Islands Institute of Statistics (ISTAC) has reported that the annual variation rate of the Consumer Price Index (CPI) in the Canary Islands stood at 3.5% in March 2024. This represents an increase of four tenths
The annual variation of the CPI in the Canary Islands stands at 3.5% in March 2024 Read More »
The ISTAC data confirms the positive trend in the construction sector in Spain The Canary Islands Statistics Institute (ISTAC) published the data for the Building Construction Statistics: Building Works Management Visas. 2024 January, which show a 15.5% increase in the number of building permits for new construction in Spain compared to the same month of
Building Permits for New Construction Increase by 15.5% in January 2024 Read More »
Are you considering buying a home? The National Institute of Statistics (ISTAC) has recently published a graph showing the evolution of the official reference interest rates of the Spanish mortgage market. The graph, which can be consulted on the ISTAC website, offers monthly and annual data on the main mortgage indicators, such as the 1-year
Official mortgage market interest rates in Spain Read More »
Buy or Rent? Price Divergence in the EU European Union (EU) house prices experienced a slight 0.3% decline in the fourth quarter of 2023 compared to the third quarter, according to data published today by Eurostat. This marks the first time in two years that house prices have fallen, following a period of sustained growth.
EU Home Prices Fall for First Time in Two Years, While Rents Continue to Rise Read More »
The inflation moderates to 2.4% in March The European Union’s statistical office, Eurostat, has released a preliminary estimate showing a decline in the annual inflation rate for the euro area to 2.4% in March 2024. This figure represents a decrease of two tenths compared to the 2.6% recorded in February. Breakdown by components: Services: Expected to
Eurozone Annual Inflation Falls to 2.4% in March Read More »
