Latest news about Economy in The Nomad Today

The First Vice President and Minister of Economic Affairs, Nadia Calvino. Photo: Ministry of Economic Affairs.

Economy & Business

ECONOMY - GDP

Spanish GDP grew 1.5% in the second quarter of 2022

The Nomad Today 9/27/22

In year-on-year terms, the economy recorded a GDP growth of 6.8%, five tenths higher than previously estimated

Economy & Business

ECONOMY

Spanish exports grew 24.2% so far in 2022 but trade deficit remains

The Nomad Today 9/25/22

Imports saw a new record high, rising by 40.2% to 261.485 billion euros

Woman-engineer-production-plant-worker by Pexels

Economy & Business

GDP

Spain GDP expands less than estimated in Q1

The Nomad Today/dpa 6/27/22

Year-on-year, economic growth accelerated to 6.3% from 5.5% in the fourth quarter

30 May 2022, Belgium, Brussels: European Commission President Ursula Von der Leyen speaks to media upon his arrival to attend a special meeting of the European Council at the European Union headquarters. Photo: Nicolas Maeterlinck/BELGA/dpa.

Economy & Business

BUSINESS

Eurozone economic confidence rises slightly in May

The Nomad Today/dpa 5/31/22

Amongst the largest EU economies, the ESI rose markedly in Spain and, to a lesser extent, in France and Italy

Economy & Business

BUSINESS

High costs and low sales hit Amazon

The Nomad Today/dpa 4/29/22

A net loss of $3.8 billion in the first-quarter, compared with a profit of $8.1 billion during the same period a year ago, was largely driven by its investment in electric carmaker Rivian

Woman-engineer-factory-production-plant-team-work-by-pexels

Economy & Business

ECONOMY

Spanish producer price inflation logs strongest pace since 1976

The Nomad Today 4/25/22

Producer price inflation (PPI) advanced to 46.6% in March, from 41.2% in the previous month

13 April 2022, Berlin: German Chancellor Olaf Scholz reacts ahead of the weekly German cabinet meeting at the Chancellor's Office. Photo: John Macdougall/AFP/POOL/dpa.

World

WAR IN UKRAINE

Germany eyes Russian gas import ban nervously, fears economic damage

The Nomad Today/dpa 4/18/22

German employers and unions said current proposals would harm the German economy and cause production stops, industrial slowdowns and loss of jobs

23 March 2022, Spain, Lugo: truck drivers protest with their vehicles as the transport sector entered its 10th day of an indefinite strike, called nationwide by the Platform for the Defence of the National and International Road Freight Transport Sector, to protest the unacceptable working conditions and fuel price surge. Photo: Jesús Hellín/EUROPA PRESS/dpa.

Economy & Business

ECONOMY

Spain industrial output rises strongly driven by consumer goods

The Nomad Today 4/11/22

February's industrial production figures are the last for a period not influenced by the invasion of Ukraine and the subsequent economic sanctions on Russia, which last month triggered a spike…

24 March 2022, Spain, Lugo: Transport workers take part in a demonstration calling for the resignation of the Spanish Minister of Transport on the 11th day of the national strike of transporters. Photo: Carlos Castro/EUROPA PRESS/dpa.

Economy & Business

INDUSTRY

The growth of the Spanish manufacturing slows down

The Nomad Today 4/4/22

The war in Ukraine served to exacerbate already embedded supply chain and inflationary pressures

Shopping cart in a supermarket. Photo: Pixabay.

Economy & Business

ECONOMY

Spanish retail sales report rebound for February

The Nomad Today/dpa 3/29/22

Employment in the retail trade sector increased 2.6% year-on-year

23 March 2022, Spain, Barcelona: People hold a banner and flags during a rally under the slogan 'Let's curb prices, let's avoid poverty' against high electricity prices, at Plaza Urquinaona. Photo: Ricardo Rubio/EUROPA PRESS/dpa.

Economy & Business

ECONOMY

Spanish fourth quarter GDP grew more than anticipated, data shows

The Nomad Today 3/25/22

On a yearly basis, GDP growth improved to 5.5%, from 3.5% in the previous quarter

18/03/2022. Spanish Prime Minister Pedro Sánchez, during his meeting with the Prime Minister of Italy, Mario Draghi, the Prime Minister of Portugal, António Costa, and the Prime Minister of Greece, Kyriakos Mitsotakis. Photo: La Moncloa.

Economy & Business

ENERGY CRISIS

Spain backtracks limiting price of electricity to 180 euros per MWh

The Nomad Today 3/22/22

Prime Minister Pedro Sanchez has been on a tour of several European capitals to try to gather support for his bid to decouple the price of electricity from that of gas

FILED - 04 July 2011, Baden-Wuerttemberg, Karlsruhe: Euro coins lie on a Euro flag. The rate of inflation in the 19 countries of the eurozone recuperated slightly to 0.4 per cent in July, according to a first estimate from EU statistical office Eurostat. Photo:Uli Deck/dpa.

Economy & Business

ECONOMY

Eurozone GDP growth eased in fourth quarter

The Nomad Today/dpa 1/31/22

On a yearly basis, economic growth accelerated to 4.6 per cent from 3.9 per cent in the preceding quarter

Economy & Business

NATIONAL ACCOUNTS

Spanish economy grows 5% in 2021, well below the Government forecast

The Nomad Today 1/28/22

Foreign demand has been a growth driver: exports grew by 6.5% quarterly and 15.8% compared to the previous year

12/14/2021. The Minister of Economic Affairs and Digital Transformation, Nadia Calviño, at a press conference after the meeting of the Council of Ministers. Photo: La Moncloa.

Economy & Business

STATISTICS

Spain GDP growth higher than estimated in the third quarter

The Nomad Today 12/23/21

The central government highlighted in a statement that these data "show a solid growth pattern, with positive contributions from domestic and foreign demand"

HANDOUT - 14 June 2021, Belgium, Brussels: European Commission President Ursula von der Leyen attends a press conference after the presidents of the three main EU institutions signed a plan for a digital Covid-19 vaccine certificate. Photo: Daina Le Lardic/European Parliament/dpa - ATTENTION: editorial use only and only if the credit mentioned above is referenced in full

Economy & Business

GROWTH

EU economy forecast to grow quicker this year, but faces headwinds

The Nomad Today/dpa 11/11/21

Gross domestic product is anticipated to grow 5% year-on-year in the EU in 2021 and then 4.3% in 2022

29 October 2021, Greece, Athens: Outgoing German Chancellor Angela Merkel (2nd L) attends a meeting with Greek Prime Minister Kyriakos Mitsotakis at Maximos Villa. Merkel is on a two-day visit to Greece, whose financial crisis has marked much of her time in office and Germany's relations with Europe. Photo: Angelos Tzortzinis/dpa

Economy & Business

GERMANY

German economy drags itself slowly out of pandemic in third quarter

The Nomad Today/dpa 10/29/21

The government and analysts expect the economic recovery to lose speed in the final quarter, as continuing shortages of raw materials and high energy prices bite