Spain's 2024 Job Market: Record Employment Despite Slowdown
Spain's 2024 labor market saw 468,100 new jobs, a record 21,858,900 employed, and 10.6% unemployment—the lowest in 16 years—despite slower growth than in 2023, with concerns about 2025 due to private sector decline and regulatory uncertainty.
Spain's 2024 Job Market: Record Employment Despite Slowdown
Spain's 2024 labor market saw 468,100 new jobs, a record 21,858,900 employed, and 10.6% unemployment—the lowest in 16 years—despite slower growth than in 2023, with concerns about 2025 due to private sector decline and regulatory uncertainty.
Progress
52% Bias Score
Spanish Mortgage Applications Surge Despite Rising House Prices
In November 2023, Spain saw a 16.6% year-on-year increase in mortgage applications for home purchases, totaling almost 34,500, driven by rising housing prices and a renewed availability of fixed-rate mortgages, despite the ECB's upcoming interest rate cuts.
Spanish Mortgage Applications Surge Despite Rising House Prices
In November 2023, Spain saw a 16.6% year-on-year increase in mortgage applications for home purchases, totaling almost 34,500, driven by rising housing prices and a renewed availability of fixed-rate mortgages, despite the ECB's upcoming interest rate cuts.
Progress
36% Bias Score
Bankinter Reports Record €953 Million Profit in 2024 Despite Spanish Political Uncertainty
Bankinter announced record 2024 net profits of €953 million (12.8% increase), driven by strong commercial activity despite Spanish political fragmentation; CEO Gloria Ortiz highlighted the need for legislative efficiency while expressing confidence in the bank's future.
Bankinter Reports Record €953 Million Profit in 2024 Despite Spanish Political Uncertainty
Bankinter announced record 2024 net profits of €953 million (12.8% increase), driven by strong commercial activity despite Spanish political fragmentation; CEO Gloria Ortiz highlighted the need for legislative efficiency while expressing confidence in the bank's future.
Progress
36% Bias Score
Record Grocery Spending in Spain Reaches "122 Billion Euros" in 2024
Spanish consumers spent a record "122 billion euros" on groceries in 2024, a 4.6% increase driven by higher input prices (up 2.5%), increased demand (up 2%), and a booming online grocery sector (up 18%).
Record Grocery Spending in Spain Reaches "122 Billion Euros" in 2024
Spanish consumers spent a record "122 billion euros" on groceries in 2024, a 4.6% increase driven by higher input prices (up 2.5%), increased demand (up 2%), and a booming online grocery sector (up 18%).
Progress
36% Bias Score
Gullón's €690 Million Revenue Surge Driven by Exports
Gullón, a European biscuit maker, achieved €690 million in revenue in 2024, a 9.5% increase, primarily due to exports reaching €300 million (44% of sales), exceeding pre-pandemic profitability. The company aims to surpass domestic sales with exports by 2030.
Gullón's €690 Million Revenue Surge Driven by Exports
Gullón, a European biscuit maker, achieved €690 million in revenue in 2024, a 9.5% increase, primarily due to exports reaching €300 million (44% of sales), exceeding pre-pandemic profitability. The company aims to surpass domestic sales with exports by 2030.
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40% Bias Score
Spain's Debt Sheds 'Peripheral' Label Amidst European Volatility
Spain's risk premium has fallen from 99 to 65 basis points due to strong economic performance and fiscal responsibility, defying market turbulence in other European countries.
Spain's Debt Sheds 'Peripheral' Label Amidst European Volatility
Spain's risk premium has fallen from 99 to 65 basis points due to strong economic performance and fiscal responsibility, defying market turbulence in other European countries.
Progress
48% Bias Score
Andalusia's €2.512 Billion Trade Surplus Fuels Economic Growth Projections
Andalusia's trade surplus with other Spanish regions reached €2.512 billion in the third quarter of 2024, making it the second-largest exporter among regions with positive balances; this, along with positive economic forecasts and increased business confidence, points to robust economic growth in 20...
Andalusia's €2.512 Billion Trade Surplus Fuels Economic Growth Projections
Andalusia's trade surplus with other Spanish regions reached €2.512 billion in the third quarter of 2024, making it the second-largest exporter among regions with positive balances; this, along with positive economic forecasts and increased business confidence, points to robust economic growth in 20...
Progress
44% Bias Score
Spain's Economic Outperformance Driven by Tourism and Resilience
Spain's robust 2024 economic growth, exceeding that of the US, stemmed from a tourism boom fueled by American visitors and a weakened euro, alongside positive immigration trends and energy independence.
Spain's Economic Outperformance Driven by Tourism and Resilience
Spain's robust 2024 economic growth, exceeding that of the US, stemmed from a tourism boom fueled by American visitors and a weakened euro, alongside positive immigration trends and energy independence.
Progress
44% Bias Score
Sabadell's Return to Catalonia: Political Stakes High Amidst BBVA Takeover
Banco Sabadell, headquartered in Alicante since 2017, is considering returning to Catalonia, a move with significant political implications amid BBVA's takeover attempt and Spain's ongoing recovery from the 2017 independence crisis.
Sabadell's Return to Catalonia: Political Stakes High Amidst BBVA Takeover
Banco Sabadell, headquartered in Alicante since 2017, is considering returning to Catalonia, a move with significant political implications amid BBVA's takeover attempt and Spain's ongoing recovery from the 2017 independence crisis.
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56% Bias Score
Marc Murtra Appointed Chairman of Telefónica
Marc Murtra, former Indra chairman, has been appointed chairman of Telefónica, Spain's largest telecommunications company, bringing his experience in navigating complex shareholder dynamics and driving strategic changes in publicly held companies. This appointment follows significant changes within ...
Marc Murtra Appointed Chairman of Telefónica
Marc Murtra, former Indra chairman, has been appointed chairman of Telefónica, Spain's largest telecommunications company, bringing his experience in navigating complex shareholder dynamics and driving strategic changes in publicly held companies. This appointment follows significant changes within ...
Progress
36% Bias Score
Delayed Spanish Budget Impacts Regional Funding
Spain's 15 autonomous communities will receive €135.483 billion in 2025, a 0.7% increase from 2024 due to a budget delay; the government aims for €147.5 billion but faces political hurdles.
Delayed Spanish Budget Impacts Regional Funding
Spain's 15 autonomous communities will receive €135.483 billion in 2025, a 0.7% increase from 2024 due to a budget delay; the government aims for €147.5 billion but faces political hurdles.
Progress
32% Bias Score
Spain's Treasury Prioritizes Sustainable Finance Over Retail-Focused Debt
Spain's recent interest rate cuts have led to increased retail investor interest in short-term government debt, prompting the Treasury to focus on diversifying its investor base with medium- to long-term debt and sustainable finance initiatives, while ruling out issuing debt specifically targeting r...
Spain's Treasury Prioritizes Sustainable Finance Over Retail-Focused Debt
Spain's recent interest rate cuts have led to increased retail investor interest in short-term government debt, prompting the Treasury to focus on diversifying its investor base with medium- to long-term debt and sustainable finance initiatives, while ruling out issuing debt specifically targeting r...
Progress
36% Bias Score