Spain Real Time Data Charts

Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Spain related comment. He also maintains a collection of constantly updated Spain charts with short updates on a Storify dedicated page Spain's Economic Recovery - Glass Half Full or Glass Half Empty?

Saturday, January 19, 2008

Spain Unemployment December and Construction Output November 2007

Just a couple of fresh pieces of data, which simply confirm the general picture we have been getting. Firstly unemployment, which continues to rise. We now have the December data from INEM. The chart below gives a monthly comparison of 2006 and 2007. As can be seen, 2007 was a better year than 2006 until June, when the labour market turned, and since that time the unemployment tredn is decidedly up.




Looking now at the latest construction output data released by Eurostat this week, we can see that, despite some volatility the trend is definitely down on a year on year basis - dropping in November by 6.2% when compared with November 2006.



The month by month chart reveals a similar picture, since the months with positive growth have been followed by stronger downward movements. We should also bear in mind that actual construction follows new sales only with a lag, as what has previously been bought still needs to be built. Plus we should anticipate a strong increase in civil engineering activity as the government tries to some extent to offset the impact of the fall in private residential activity, and especially prior to March's elections.




Perhaps the clearest indication of the presence and extent of the economic slowdown is offered by the December data for the EU Commission Eurozone Economic Sentiment Index.

As reported earlier in the month the Commission’s economic sentiment indicator for the entire eurozone is now on a clear downward path. At 104.7 in December, down from 104.8 in November, the index was at its lowest since March 2006.




But perhaps more important than the steady downward drift in the general indicator are the individual country differences, and in particular the sudden movement in Spain and Ireland since the summer.

6 comments:

The Commentator said...

Where can I find economic stats in English for the Catalan region?

Edward Hugh said...

Hello Commentator,

"Where can I find economic stats in English for the Catalan region?"

I think this is difficult to find in English. There is a lot of economic data in English on the INE (Spain) national statistics office site,and some of this is broken down by region. The unemployment data comes from INEM, but I don't think they do anything in English.

berdien said...

hello,

Where can i find all the data from leading economic indicators from Spain??
Thanks

Edward Hugh said...

Hi Berdien,

"Where can i find all the data from leading economic indicators from Spain??"

As above,

There is a lot of economic data in English on the INE (Spain) national statistics office site, then there is the English version of the bank of Spain site, and then there is Eurostat. They normally publish country breakdowns in their regular reports.

Anonymous said...

Hi Edward,

I was wondering if you have some more information about the construction companies present in Spain. Can you give me some insights on who is presently on the market and what they are doing? Or do you have any suggestions for me on websites which I can visit to find this information? Thank you

Edward Hugh said...

Hello there,

"I was wondering if you have some more information about the construction companies present in Spain."

Thanks for the interest but I'm afraid this is a bit beyond my brief. I'm mainly a macroeconomist, and I am not really and industry specialist. I have only become interested in Spanish construction due to its importance in the aggregate economic data.

What I do know about the construction sector as such comes from following the press, and searching for Spain in places like Reuters bonds etc.

Sorry.

Good luck and good hunting.