Articles

Conjunctural indicators for the Eurozone in June 2022

1 August 2022

The PMI Composite Index reached 52 in June, the lowest level since February 2021. This suggests a marked slowdown in economic activity at the end of Q2.

• Funcas Europe
• Indicadores europeos

Autores: García Sanz, Almudena

Tags: PMI

Is the ECB getting it right?

28 July 2022

After Christine Lagarde announced a few days ago a substantial increase in interest rates (0,5%) and an anti-fragmentation mechanism – so called TPI – to prevent another debt crisis, we’ve asked Raymond Torres, Funcas Europe Director, to explain the main drivers behind this important decision. Don’t miss our latest podcast.

• Coyuntura Europea
• Funcas Europe

Autores: Torres, Raymond

Readiness of the Spanish insurance sector in a shifting economic and financial environment

21 July 2022

Increasing interest rates and rising inflation bring a mixture of opportunity and concern for Spain’s insurance sector. Rising rates should support life insurance and savings products, while slowing growth and higher inflation may erode demand and margins for other products and segments.

• Análisis financiero
• COVID-19
• Crisis en Ucrania
• Estudios sectoriales

Autores: Manzano, Daniel, Milner, Aitor

Tags: Insurance sector

Revenue and employment at Spanish manufacturing firms reach pre-pandemic levels

Spain’s manufacturing industry has overcome the pandemic induced bust, but sector level trends appear to be diverging. In most sectors, revenue and employment are above pre-pandemic levels, while other sectors have used the pandemic to find efficiencies and downsize workforces, with the transportation material sector struggling with shortages and the green transition.

• COVID-19
• Empleo y capital humano
• Estrategias empresariales
• Estudios sectoriales
• OFEI

Autores: Moral, María José

Tags: Manufacturing industry

The shifting income structure of Spanish banks

While recording among the lowest share of fee and commission income as a percent of total earnings compared to other EU banks, in line with their peers, Spanish banks too adapted to the low interest rate environment by raising fee and commission revenues. With interest rates on their way up and volatility increasing, rising net interest income and trading gains for Spanish banks may help reverse downward pressures on profitability.

• Banca
• COVID-19

Autores: Maudos, Joaquín

Tags: Banking income