DIA

Spain: Harmonized Inflation Rises to 3% in September

On an annual rate, Spain’s CPI (Consumer Price Index) rose by 2.9% in September (up from 2.7% in August), a reading slightly below the consensus expectation of a 3.0% increase. This places inflation at its highest level in seven months. This development is mainly a result of fuel and electricity prices falling less this month than they did in September 2024. Meanwhile, core inflation, which excludes the prices of unprocessed…

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Crédito y CauciónCrédito y Caución
alemania germany ZEW

Germany’s business climate index, compiled by IFO institute, falls to 87.7 points in September

Link Securities | Germany’s business climate index, compiled by the IFO institute, fell to 87.7 points in September from 88.9 points in August, significantly below the 89.2 points expected by FactSet analysts. September’s reading is the lowest for this index since last May. It also represents the sharpest monthly decline in the last 12 months, reflecting growing pessimism among German companies.In September, the sub-index reflecting German companies’ expectations fell to…

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Banner CIR, junio 2022

dolar detalle columnas

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…

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interviews

antonio bonet

“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…

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ElenaJimenezdeAndrade

“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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