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Spanish BBVA receives greenlight for Banco Sabadell takeover

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Economy

How did Spain overtake Japan in GDP per capita?

Spain’s economy is thriving, driven by a global boost in services, mainly tourism, overtaking the sluggish performance of the Japanese economy in the last decade.

Business

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.

Economy

Eurozone disinflation on track as price pressures ease in Germany

Inflation eased across major eurozone economies in May, with Germany holding at 2.1%, Spain falling to 1.9% and Italy to 1.7%, reinforcing expectations of cooling price pressures ahead of next week’s euro area data.

Business

Inflation in Spain falls to 1.9% in May in line with ECB targets

Inflation falls to 1.9% in May but core inflation remains above 2%. The Consumer Price Index (CPI) reaches its lowest value since last October.

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Economy

Eurozone unemployment remains at a historic low despite weak economy

The eurozone labour market showed resilience following the region’s sluggish economic performance in the last quarter of 2024.

Business

Spain: Annual inflation shows a rise as energy costs boost price index

Prices in the EU's fourth-largest economy increased for the fifth consecutive month in February, compared to the previous year.

Economy

Spain's economy remains robust with jobless total lowest for 16+ years

Analysts expect Spain's economy to continue to recover in the coming months, despite being likely to stay vulnerable to the continuing effects of the Valencia floods, and with the possibility of tariffs being imposed on the EU by the US.

Economy

Spanish inflation rate confirmed at 2.8% as fuel costs surge

Increasing transport prices boosted Spain’s December inflation number, with rising culture and recreation prices also contributing to the figure.

Economy

Spain's inflation surpasses forecasts in December as fuel costs surge

Spain's inflation climbed to 2.8% in December, surpassing the 2.6% forecast, propelled by rising fuel prices and increased leisure costs. Core inflation reached 2.6%, signalling persistent pressures, particularly in services.

Economy

Spanish retail sales grow at slowest pace since June 2024

Although falling spending on both food and non-food items has contributed heavily to this dampened figure in November, Spain still saw strong consumer goods spending in the third quarter of the year.

Economy

Spain's manufacturing growth for November hit by Valencia flooding

Although manufacturing growth in Spain rose at a slower rate in November because of flooding, it was still above the key 50 level. Turkish manufacturing demand inched up but German and French figures failed to offer seasonal cheer.

Economy

French and Spanish inflation dips below 2% fuelling rate cut hopes

Lower-than-expected inflation is fuelling bets for the ECB to keep cutting the benchmark interest rate in October.

Economy

Spanish inflation drops to over one-year lows on cooling food prices

Productivity, however, continues to be weak, compared with the average across the EU, with the issue having worsened over the past 10 years or so.

Travel News

Spain overtourism: Why are villagers blocking zebra crossings?

In northwestern Spain, villagers blocked zebra crossings to protest too many tourists - but ended up causing a huge traffic jam.

Economy

Spanish economy bucks European trend with signs of growth

There has been an increase in household spending, and most key sectors saw robust growth on the supply side.

Economy

Inflation in Spain rises to 3.6% in May driven by the cost of housing

Inflation rise in Spain: housing costs, transport and fuel price rises are the main drivers. However, the price of food and non-alcoholic beverages dropped in May 2024.