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Spain's S&P Global Services PMI rose to 58.3 in September from 57.8 in August, exceeding the consensus forecast of 57 and pointing to robust expansion in the sector. The reading is one of the strongest among major eurozone economies for the month. Spain's services industry, heavily supported by tourism, has been a consistent outperformer within the eurozone in 2024.
Oct 05, 17:51 UTCAlternativeMarkets.AI Newsroom · Dados: Financial Modeling Prep
Spanish employment rose by 23,587 in September, surpassing the 19,000 consensus but falling well short of the 44,419 gain recorded in August. The slowdown is typical for September as summer tourism activity winds down. Spain's monthly employment change is measured by social security registrations and is one of the earliest labor market indicators in the eurozone.
Oct 03, 17:51 UTCAlternativeMarkets.AI Newsroom · Dados: Financial Modeling Prep
Spanish employment rose by 23,587 in September, above the 19,000 consensus estimate but roughly half the 44,419 jobs added in August. The slowdown from the prior month reflects a typical post-summer seasonal moderation in Spain's labor market. Spain's employment change data is closely followed given the country's historically elevated unemployment rate compared to other major eurozone economies.
Oct 02, 17:51 UTCAlternativeMarkets.AI Newsroom · Dados: Financial Modeling Prep
Spanish retail sales fell 0.4% year-on-year in August, unchanged from the same pace of decline recorded in July. No consensus estimate was available. Persistent negative annual readings indicate that retail volumes remain below year-ago levels, pointing to continued pressure on consumer demand in Spain.
Spanish retail sales increased 0.3% month-on-month in August, rebounding from a 1.0% decline in July. No consensus estimate was available for comparison. Monthly retail sales track consumer spending at shops and online, so the recovery suggests shoppers returned to stores after the prior month's pullback.
Spain's trade deficit shrank to €5.22 billion in July, improving significantly from €7.69 billion in June, with no consensus estimate available for comparison. The narrowing represents a reduction of roughly one-third in the monthly gap between exports and imports. A smaller trade deficit can reflect stronger export demand, lower import costs, or reduced domestic consumption of foreign goods.
Spain's S&P Global Manufacturing PMI rose to 50.2 in July from 49.7 in June, returning to expansion territory, though the result fell short of the consensus estimate of 52.5. The reading indicates that Spanish factory activity is barely growing after a brief contraction in June. Spain's manufacturing sector has been navigating softer eurozone demand, and a return above 50 suggests conditions have stabilized marginally.
Aug 03, 17:51 UTCAlternativeMarkets.AI Newsroom · Dados: Financial Modeling Prep