Business News & Financial News

In Spain 1st October 2025

Spain: Public Debt (103% of GDP) Rises by 4% Annually While GDP Grows by Less than 3%

According to data from the Bank of Spain (BoE), the debt of the Spanish public administrations as a whole, under the Excessive Deficit Procedure, stood at €1.691 trillion at the close of the second quarter of this year, its highest level in history. Relative to Spain’s Gross Domestic Product (GDP), the debt stood at 103.4%, the same level as in the first quarter of 2025. In absolute terms, Spain’s public…

In Europe 1st October 2025

France’s preliminary CPI rises 1.2% year-on-year compared to 0.9% in August

Bankinter | Preliminary CPI rises less than expected in September. Year-on-year 1.2% versus 1.3% expected versus 0.9% in August. In month-on-month terms, negative 1.0% versus negative 0.9% versus a rise of 0.4% previously. Producer prices rise (year-on-year) 0.1% versus 0.5% previously (revised from 0.4%). In month-on-month terms, down 0.2% versus 0.5% previously (revised from increase of 0.4%). Finally, consumer spending (year-on-year) fell 0.8% versus 0.3% expected and 0.4% previously (revised…

In the World 30th September 2025

US PCE rises 0.3% in August compared to July, with year-on-year increase of 2.7%

Link Securities | The Department of Commerce reported that the personal consumption expenditure (PCE) index rose 0.3% in the US in August compared to July, a reading that was in line with the consensus of FactSet analysts. In August, goods prices rose 0.1% compared to the previous month (down 0.1% in July), while services prices rose 0.3% (up 0.3% in July). It should be noted that in August, food prices…

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

“Fifteen years ago, the European economy was larger than that of the U.S. Today, the U.S. economy is one and a half times that of Europe”

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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