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October 11, 2021

Spain | Will savings fall further?

The record highs reached in household savings in the second quarter of 2020, has been one of the most striking characteristics of the current crisis. Since then, it has declined somewhat, which has lent support to the recovery in consumer expenditure and the housing market.

October 11, 2021

Global | The COVID-19 impact on Consumption in Real Time and High Definition: Oct 11th

Consumer spending growth stabilises at August levels in most countries, but with mixed movements by sector of activity. E-commerce maintains the pace of growth in almost all geographies, while the use of cash is losing ground. Spending on services outpaces spending on goods.

October 8, 2021

Financial Regulation: Weekly Update. Oct 08, 2021

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

October 8, 2021

Spain | Impact of COVID-19 on consumption in real time and high definition in Sep-21

Card spending in September was 37% higher than in the same month of 2019 (35% in August) driven by the upturn in purchases with Spanish cards. Face-to-face transactions gained traction (26%), while online transactions slowed their progress (72%).

October 7, 2021

Spain | Analysis of National Tourist Flows in Real Time in Sep-21

According to BBVA credit card spending data, national tourism spending picked up slightly in September. Growth in the month was 11% compared to 2019 levels (9% in August). If spending by Spaniards abroad is excluded, the advance stood at 22% (19% in August).

October 6, 2021

Spain | Constraints to growth: the role of entrepreneurs is key

Speaking at South Summit 2021, held in Madrid from October 5 to 7, Jorge Sicilia argued that innovation and entrepreneurship are key to healthy economic growth and enhanced well-being.

October 6, 2021

Spain | Valencian Community Outlook. Second Half 2021

The recovery of the Valencian economy has increased in intensity in recent months, so that it will grow well above its potential, and will recover its pre-pandemic GDP level by the end of 2022.

October 4, 2021

Spain | Labor market recovery gained momentum in 3Q21

Social security affiliation increased by 57,400 people in Sep-21 (45,000 seasonally and working-day adjusted (SWDA), according to BBVA Research estimates) and unemployment fell by 76,100 (76,000 SWDA). In 3Q21, both job creation (1.2% t/t SWDA) and unemployment reduction accelerated (-7.7%).