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Tag: Spain

EU Forecasts Gloomy Outlook For Spain

Nov 06 2012 08:01:02 in Market

The European Commission forecasts Spain's economy to shrink 1.6 percent this year, slightly more than a 1.5 percent fall estimated by the Spanish government, El Pais reported Tuesday. The commission is set to publish its autumn forecast on Wednesday. Read more

Spain Current Account Logs Surplus In August

Oct 31 2012 10:31:06 in Market

Spain's current account balance showed a surplus of EUR 1.24 billion in August compared to a shortfall of EUR 1.11 billion last year, Bank of Spain reported Wednesday. The trade in goods resulted in a deficit of EUR 2.68 billion, but down from EUR 4.4 billion a year ago. Read more

Spain Oct. Inflation Unchanged At 3.5%

Oct 30 2012 09:01:05 in Market

Spain's harmonized inflation remained at 3.5 percent in October, flash estimates from the statistical office INE showed Tuesday. The rate was forecast to rise to 3.6 percent. At the same time, inflation based on the consumer price index climbed slightly to 3.5 percent in October from 3. Read more

Spain Economy Declines 0.4 Pct Q/q in Q3 -

Oct 23 2012 09:01:04 in Market

Spain's economy likely contracted by 0.4 pct in the third quarter of 2012 from the second and by 1.7 pct y/y, the Bank of Spain said The corresponding figures for the second quarter were 0.4 percent and 1.3 percent. The material has been provided by Instaforex Company - instaforex. Read more

Spain Could Ask For Aid Through ESM Precautionary Credit Line: Report

Oct 17 2012 09:01:06 in Market

The possibility of Spain requesting financial aid through a precautionary credit line from the EUR 500 billion rescue fund, the European Stability Mechanism, is currently under discussion, the Financial Times reported Wednesday. Read more

Spain Prepares To Request Bailout: Report

Oct 16 2012 04:31:03 in Market

The Spanish government is prepared to officially request a bailout, but the plan is being delayed due to external factors including its possible influence on the decision of other euro area countries such as Italy. Read more

Spain Inflation Accelerates In September

Oct 11 2012 08:31:03 in Market

Spain's inflation accelerated as estimated in September on an increase in sales tax, final data from statistical office INE showed Thursday. EU harmonized inflation rose to 3.5 percent annually in September from 2.7 percent in August. The rate matched flash estimate published on September 28. Read more

Spain To Miss Deficit Targets: IMF

Oct 09 2012 09:01:02 in Market

Spain may miss its deficit targets again despite significant fiscal measures taking effect in the second half of the year, the International Monetary Fund said in its twice-yearly Fiscal Monitor, published Tuesday. Read more

Spain Does Not Need Bailout, De Guindos Says

Oct 05 2012 04:31:02 in Market

Spanish Economy Minister Luis de Guindos on Thursday insisted that his country does not need a bailout, despite rumors that the troubled euro member may request European aid as soon as this weekend. "Spain does not need a bailout at all," he said in a speech in London. Read more

Draghi Warns On Euro Area Economy, Mum On Spain

Oct 04 2012 15:31:02 in Market

European Central Bank President Mario Draghi said on Thursday that growth in the euro area is likely to remain weak, while inflation would hold above the 2 percent target for the rest of the year. Read more

ECB Stays Pat For Third Month Amid Uncertain Spain Bailout

Oct 04 2012 13:01:11 in Market

The European Central Bank adopted a wait-and-watch stance on Thursday while leaving euro area interest rates unchanged, amid uncertainty regarding a Spanish request for bailout and its fallout. The central bank of 17 nations held the refinancing rate unchanged at 0. Read more

Spain Unemployment Rises 1.7% In September

Oct 02 2012 08:31:03 in Market

Unemployment in Spain increased in September as recession and the euro area debt crisis continued to hamper job creation, the latest data from the Labor Ministry showed Tuesday. The number of registered unemployed rose by 79,645 or 1.72 percent month-on-month in September, leaving 4. Read more

Bank Of Spain Signals "Significant" Fall In GDP In Q3

Sep 26 2012 11:01:02 in Market

The Bank of Spain on Wednesday signaled further decline in the gross domestic product in the third quarter amid continued financial difficulties in the economy. Read more

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