A recent BBVA Research study shows that the likelihood of buying a car declined during the crisis, and has barely gained momentum in recovery.
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Juan Ramón García
Principal Economist
Spain
Juan Ramón García is a principal economist in the Spain and Portugal unit of BBVA Research. Among other responsibilities, he is in charge of the conjunctural and structural analysis of the labour market and household consumption in Spain.
Previously, he was a senior economist in the Sectoral Analysis and Global Trends units of BBVA Research and a researcher at the Applied Economics Studies Foundation (Fedea).He obtained a degree in Economics from the University of Santiago de Compostela in 2001 and a Diploma in Advanced Studies from the same university in 2003.Latest publications
Social security registrations increased by 15,500 people in July (2.6% YoY), less than expected, and unemployment fell by 4,300 (-3.9% YoY). Excluding seasonal factors, the number of people in employment grew by 20,000, despite the slowdown in the service sector, and unemployment rose for the second month in a row (5,000)
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The favorable seasonality contributed to an increase in employment of 333,800 people in the 2Q19 (2.4% a/a), less than expected. Active population surprised positively, so that the unemployment rate only decreased 7 tenths to 14.0%. Excluding seasonal factors, employment grew 0.3% t/t
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