The growth outlook of the Spanish economy is positive, against the backdrop of a healthy deleveraging of the banking sector which has not yet run its full course. New credit is increasing, yet the ceaseless repayment of home mortgages is canceling out this increase in new credit. A strong rise in the price inflation rate is one of the novelties. Will the first indication of inflationary pressures put the recovery of the Spanish economy in danger?
Contents
- Gross domestic product (GDP)
- Purchase Managers’ Indexes (PMIs)
- Cyclical sector demand
- Employment trends
- Economic sentiment
- Monetary aggregates
- Consumer Price Index (CPI) and CPI differential with other eurozone countries
- Industrial price index
- Spanish stock market (IBEX 35)
- Spanish sovereign bond yields
- Non-performing loans/assets in the Spanish banking system
- Spanish banking sector assets
- Credit to businesses, to households
- Yield curve spread
- Public sector
- Balance of trade and current account analysis
Author
- Ángel Martín Oro
Ángel Martín Oro is VP of Spain at UFM Market Trends in collaboration with Instituto Juan de Mariana. He is also a PhD-candidate in economics. In addition, he has authored and co-authored many reports and articles, published in prominent Spanish and international media outlets, such as the Wall Street Journal and the Cato Institute.
