household consumption

Spanish economy 7th July 2023

Bank of Spain estimates 17% of Spanish households -1.6 million, 376,000 up on four years ago- cannot meet essential expenses

In 2022, 9% of households could not cover essential expenses with their total gross income, compared with 7% in 2020, given the observed growth in inflation and interest rates, according to the report published by the Bank of Spain on the financial situation of households and companies for the first half of 2023. Although the nominal gross disposable income of households was 6.8% higher in 2022 than in 2020, inflation…

Spanish middle class shrinks since crisis

Spanish economy 29th June 2023

Spanish households spending 8% more but consuming 3% less than before the pandemic

Spanish households spend more, but consume less. This is one of the main conclusions of the Household Budget Survey published by the INE, which determines that the average expenditure per household in 2022 increased by 7.9% with respect to the previous year, to reach €31,568. This figure exceeds pre-pandemic levels in global terms, with an increase of 4.4% compared to 2019. However, these figures are magnified by the effect of…

In Europe 30th June 2014

GfK points to maintained strength in household consumption in Q2

LONDON | By Barclays analysts | Consumer confidence increased again in June, reaching positive territory for the first time since March 2005. The GfK consumer confidence index rose to 1 from 0 in May, in line with our expectations (consensus: 2). Improvements were generally broad-based, with ‘general economic situation over the last 12 months’ improving the most, up 2 points to -3.

World economy 8th May 2012

Growth in salary costs in the US not what it looks like

MADRID | Employment creation figures in the US disappointed Wall Street expectations for April, with 115,000 versus 165,000 and a fall of the jobless rate of 0.1 percent to 8.1 percent. Afi analysts in Madrid checked deeper into the subject and concluded in an investor’s note that income per working hour and working hours per week have both been flat, so growth recorded in salary costs was the consequence of…