Spanish economy

spain public finances

State-owned enterprises push headcount to more than twenty-year high: 198,500 workers

The increase in public employment, at rates that—proportionately—surpass those of the private sector, is a trend that has been repeated quarter after quarter since the end of the pandemic. Less well-known, however, is the intensity with which this boom is manifesting in the government subsector corresponding to state-owned enterprises and related institutions. This category, as explained by the newspaper El Economista, already brings together 198,500 workers. Nearly 200,000 wage earners….

Read More

inflation board

Inflation rises to 3.2%

According to the National Statistics Institute (INE), Spain’s Consumer Price Index (CPI) rose by 0.4% in April compared to March, based on preliminary data. The FactSet analyst consensus had expected a slightly higher CPI increase of 0.6% for the month. On an year-on-year basis (also according to preliminary readings), Spain’s CPI climbed 3.2% in April (down from 3.4% in March), which was also lower than the 3.4% projected by analysts….