October 8, 2021
Sectoral and Digital Economy Analysis & Industrial Organization
Sectoral and Digital Economy Analysis & Industrial Organization latest publications
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%).
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).
El pasado jueves 30 de septiembre el presidente Andrés Manuel López Obrador envió a la Cámara de Diputados una iniciativa de reforma constitucional en materia eléctrica consistente en fortalecer la participación y atribuciones de la Comisión Federal de Electricidad (CFE).
All eyes on China's electricity crunch. We analyze the reasons, the authorities' possible actions and economic impact of the recent power shortage.
GDP advanced 19.6% annually as of 2Q21, 14 out of 20 sectors are still below what was observed in 2019. It is confirmed that the economic recovery will come through industrial means by greater foreign trade
National tourism spending remained dynamic in August. The monthly growth reached 9% compared to 2019 levels (7% in July). If spending by Spaniards abroad is excluded, the increase was of 18% (18% in July).
The COVID-19 pandemic caused the real estate market to collapse and led to a substantial change in the interests of the different players. Although housing prices fell significantly, demand is still very weak.
The recovery in national tourism spending continued throughout July. The increase in the month was 7% compared to 2019 levels (18% if spending by Spaniards abroad is excluded), which represents an acceleration compared to what was observed in June (-4%).