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 appearance, José Miguel provided a detailed analysis of the economic divergence between the Canary Islands and the rest of the country, addressing the factors […]

The annual inflation rate in the eurozone is expected to reach 2.4% in December 2024, up slightly from 2.2% in November 2024, according to estimates released by Eurostat. This increase reflects changes in the key components influencing the region’s inflation. Breakdown by Components Among the main contributors to inflation, services lead with an estimated annual

In 2024, the Canary Islands experienced moderate economic growth, still driven by the rebound following the 2020 crisis. José Miguel González explained that, although the year was positive, growth will slow down in 2025 due to the structural limitations of the Canary Islands’ economy, which still relies heavily on tourism and public spending. Regarding employment,

Actual Individual Consumption (AIC) per capita in EU countries ranges from 70% to 136% of the EU average. These figures are based on purchasing power parities (PPPs) published by Eurostat. AIC as an Indicator of Well-Being AIC per capita, expressed in purchasing power standards (PPS), serves as a key metric to assess the material well-being

Third quarter 2024 Labour costs increase by 4.4% in the third quarter of 2024 Labour costs per worker and month increased by 4.4% in the third quarter of 2024 compared to the same period in 2023, reaching €3,020.71, according to the latest data. Of this amount, wages rose by 4.1% to €2,205.43, while other costs

Gross Domestic Product (GDP) at current prices grew by 6.8% year-on-year, three tenths higher than in the previous quarter. On a quarter-on-quarter basis, it increased by 1.3%. The GDP deflator showed a year-on-year increase of 3.3%, one tenth higher than the previous quarter, while on a quarterly basis it rose by 0.5%. Regarding income, employee

CPI developments in November: full analysis The overall Consumer Price Index (CPI) registered an annual rate of 2.4% in November, an increase of six tenths of a percentage point from the previous month. Main factors driving the annual rate: Housing: Annual change of 7.4%, up 3.2 points from October. This increase is mainly due to

In the third quarter of 2024, the employment rate of 20-64 year-olds in the EU stood at 75.9%, an increase of 0.1 percentage points (pp) compared with the second quarter of 2024. Labour market slack – which includes those with unmet employment needs, a large share of which includes unemployed persons – amounted to 10.9

In September 2024 total market output decreased by 0.6% in the EU and 0.7% in the euro area compared with the previous month. The total market production index (TMPI) is a composite indicator that combines four short-term business statistics indicators covering most of the market economy, i.e. production in industry, construction and services, as well

Third quarter 2024. Provisional data The number of foreclosure registrations initiated in the land registries in the third quarter of 2024 was 4,121, an increase of 22.8% over the same period of the previous year. Foreclosures on dwellings owned by individuals fell by 1.5%. Among them, those initiated on principal residences fell by 1.1%. Foreclosure