October 30, 2023

Spain Flash HICP Inflation 3.5% y-o-y (consensus 3.7%) in Oct-23

- Spain's flash HICP inflation rose to 3.5% year-on-year in October 2023, marking the highest level since April 2023 but undershooting the 3.7% consensus.
- The current inflation rate is 0.39 percentage points below the one-year average, so most of the recent improvement has persisted.

October 26, 2023

Spain Unemployment Rate 11.84% in Q3-23

- Spain's unemployment rate for the third quarter of 2023 reached 11.84%, marking a surprise increase from the previous quarter to the highest level since the first quarter.
- Despite remaining relatively stable compared to the past year, the unemployment rate in Spain is still significantly below the long-run average, indicating a historically tight labour market.

October 04, 2023

Spain PMI Services 50.5 (consensus 49.8) in Sep-23

- Spain's PMI Services in September 2023 reached 50.5, marking an expansion in the sector while surpassing the previous reading of 49.3 and the 49.8 consensus expectation.
- The latest figure is only the highest level since July 2023 but is a step towards recovery, with business conditions improving.

October 02, 2023

Spain PMI Manufacturing 47.7 (consensus 46.5) in Sep-23

- Spain's PMI Manufacturing for September 2023 shows a slight improvement from the previous month, contrary to the consensus, but still indicates a contraction in the sector.
- The reading of 47.7 is below the neutral mark of 50 and falls below the one-year average, pointing to ongoing weaknesses in the manufacturing sector.