Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications on macroeconomics

Mexico | Private spending kicks off 2Q26 on a weak note

May 14, 2026

The BBVA Research Big Data Consumption Indicator reported a 0.4% MoM drop (real, sa) in April, its fourth consecutive decline so far this year, recording an average YoY variation of -2.7% for the January-April 2026 period.

Spain | Catalonia Economic Outlook. First Half 2026

May 14, 2026

Catalonia is set to maintain solid growth in 2026 despite geopolitical and trade headwinds, supported by consumption, employment, and tourism.

Mexico | Manufacturing closes 1Q26 with signs of deceleration

May 6, 2026

The BBVA Research Manufacturing Multidimensional Indicator grew 2.2% YoY in March, remaining in positive territory for the seventh consecutive month, although deepening the slowdown observed since the beginning of the year.

Mexico | Economic activity contracts in 1Q26; outlook tilted to the downside

April 30, 2026

GDP contracted 0.8% QoQ in 1Q26, with declines in both industry (-1.1%) and the tertiary sector (-0.6%), marking a weak starting point for 2026.

Mexico | Consumption extends its slowdown into March

April 20, 2026

The BBVA Research Big Data Consumption Indicator fell (-)0.6% MoM (real, sa) in March, marking its third consecutive decline in 2026.

Spain | Labor market gained momentum in 1Q26

April 6, 2026

Social Security affiliation increased by 211,500 people and unemployment dropped by 22,900. On a seasonally adjusted (SA) basis, job creation is estimated to have accelerated to 76,000 contributors, while the number of unemployed fell by 17,400. For 1Q26, employment grew 0.6% q/q (SA) and unemployment contracted by 1.8%.

Mexico | Manufacturing loses momentum in February; pressure at the end of Q1 2026

March 30, 2026

The BBVA Research Multidimensional Manufacturing Indicator grew 4.0% YoY in February, moderating the dynamism observed in the first month of the year, although remaining in positive territory for the sixth consecutive month.

Colombia | Challenges, data and opportunities

March 25, 2026

Colombia grew 2.6% in 2025, driven by domestic demand and remittances, but faces a growing fiscal deficit, rising inflation and weaker private investment. In a global environment shaped by geopolitical tensions and tariffs, the country needs fiscal adjustment and private investment to sustain its growth potential.

Spain | Regional Economic Outlook. March 2026

March 25, 2026

Economic activity relies more on domestic demand and services, and with greater external risks, leading to growing divergences between regions.

Mexico | Temporary slowdown in consumption in February; Bajío-Occidente effect

March 17, 2026

The BBVA Research Big Data Consumption Indicator reported a (-)3.5% MoM decline in February (real, sa), with contractions in both goods and services segments.

Individual publications may only be downloaded for technical reasons to allow a more complete, rigorous and individual reading of the publications. In this regard, only a brief summary, mention or reference to the publications is permitted and only when all the following conditions are met: (i) it is not for commercial purposes (not even indirect commercial use, e.g. to attract advertising to your website); (ii) a statement is included that BBVA Research is the author and owner; and (iii) a precise and complete link to the URL where the publication is available is included on this website. More information