Financing capacity latest publications
Investment rate recovers dynamism and partially absorvs the rise in the savings rate. The financing capacity of the Spanish economy improved with respect to previous quarter. By sector, the adjustment of the public deficit compensated the slight deterioration observed in households and firms.
Spanish net lending increased to 1.2% of GDP in 1Q15 (annual accumulated) as a result of an increase in the saving rate higher than the investment rate. Households and firms led this recovery in the net lending.
The Spanish economy's lending capacity fell to 1.0% of GDP in 2014, resulting from the investment rate increase. The saving rate decreased slightly due to a higher growth of comsumption which offset the increase of gross disponsable income. Households and firms reduced their lending capacity while government and financial i…