Eurostat’s Business Cycle Clock (BCC) is a tool that illustrates the different phases of the euro area’s economic cycle through a clock-style graph. It represents the empirically observed sequence of turning points in the business, growth, and acceleration cycles. The clock relies on three synthetic indicators: the Growth Cycle Coincident Indicator (GCCI), the Business Cycle […]

The labor market started 2025 with a slight decline in Social Security enrollments. According to the latest data, the average number of enrollments in January stood at 932,421, reflecting a drop of 8,267 compared to December 2024. However, the year-on-year comparison offers a more positive outlook. Over the past 12 months, enrollments have increased by

On Thursday, February 6, José Miguel González Hernández, Director of Consulting and Commercial Management at Corporación 5, presented the Economic Outlook Report for La Palma Island for the 4th quarter of 2024. The presentation took place at the Teatro Chico in Santa Cruz de La Palma, in an event that brought together prominent representatives from

The General Retail Trade Index (ICM) at constant prices closed December 2024 with a 4.0% variation compared to the same month of the previous year, demonstrating a notable boost in sales. This growth was 3.1 points higher than in November, consolidating the upward trend of the retail sector at the end of the year. Positive

Economic inequality is a persistent phenomenon that affects millions of people worldwide. It is not only reflected in income but also in consumption capacity, savings rates, and wealth accumulation over time. Understanding these dynamics is key to designing strategies that reduce household financial vulnerability and promote more equitable growth. Wealth Accumulation and Savings Flows A

In Q3 2024, the seasonally adjusted government deficit-to-GDP ratio stood at 2.6% in the euro area (EA20) and 2.9% in the EU. Compared to Q2 2024, the deficit ratio decreased in both the euro area and the EU. These figures are published by Eurostat, the statistical office of the European Union. Seasonally Adjusted Public Revenues

José Miguel González Hernández, Director of Consulting and Commercial Management at Corporación 5, provides an in-depth analysis of the salary trends projected for 2025, highlighting persistent economic inequalities at both global and regional levels. Globally, sectors such as pharmaceuticals are leading salary growth, with increases exceeding 10%, driven by their resilience to crises and capacity

In November 2024, the General Industrial Turnover Index (ICN) showed a year-on-year decrease of -2.0% in the original series and -0.4% in the calendar- and seasonally-adjusted series. On a monthly basis, the index increased by 0.9% compared to October, after adjusting for calendar and seasonal effects, marking a 2.1-point improvement from the previous month. Across

In December 2024, the Consumer Price Index (CPI) recorded an annual rate of 2.8%, marking a four-tenths increase compared to the previous month. Key Drivers of the CPI Increase The groups contributing most to this rise were: Transport: With an annual rate of 0.6%, up by 1.6 points, driven by higher prices for fuel and

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