Business News & Financial News

In Spain, Spanish economy 2nd October 2025

Number of unemployed in Spain falls by 4,846 in September; unemployment at 2.42 million

Bankinter | The number of unemployed people fell by 4,846 in September, from +21,905 in August. Unemployment now stands at 2.42 million people (down 0.2% month-on-month and 5.97% year-on-year). Bankinter team’s view: The number of unemployed fell slightly in September, resuming the decline seen since February, with the only increase occurring in August. The unemployment rate according to the Active Population Survey (EPA) in Q2 2025 stood at 10.29%. Our…

In Europe 2nd October 2025

EC could announce tariffs on imported steel and reduce current quotas next week

Bankinter | The European Commission could announce tariffs on imported steel and reduce current quotas next week, according to press reports. The European Commission could establish a permanent mechanism to raise tariffs on imported steel and reduce current quotas and tariffs, which could reach 50% on imports exceeding those quotas. Bankinter analysis team’s view: If confirmed, this would be good news for companies with a presence in Europe, which would…

World economy 2nd October 2025

US Economy Sheds 32,000 Net Private Jobs in September

According to payroll processor ADP, the U.S. economy shed 32,000 net private jobs in September. This figure compares very negatively with the 50,000 new net jobs forecast by FactSet consensus analysts. Furthermore, ADP reported a downward revision to its August job creation figures; the data now points to a loss of 3,000 net private jobs, compared to the 54,000 net jobs initially reported. The surprising reversal of the projected growth…

“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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