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Sluggish purchases of durable goods have constrained the recovery of private consumption in 2021. The increase in household income, a more subdued inflation, the unwinding of excess savings and the boost from NGEU funds will push spending up to around 5.5% in 2022.
BBVA Research estimations show that, after correcting for stationary variations, passenger car registrations fell for a second consecutive month in July (-1,5% MoM). All in all, the accumulated growth during the current year reached 11% YoY on the back of private and company demand.
BBVA Research estimations show that passenger car registrations fell marginally in June after correcting for monthly stationary effects. All in all, the second quarter of 2016 was closed with a 6.6% quarterly rise of sales, 2.5 pp more than in …
After adjusting for stationarity, BBVA Research estimations show that passenger car registrations stabilized in May, in line with what was expected. Sales of companies and rent-a-car businesses, which grew by 7% in respect to April, compensate…
After adjusting for stationarity, BBVA Research estimations show that passenger car registrations grew by a monthly rate of 14% in April, which is more than what was expected. All channels contributed positively to the sales' growth after the…
April 1, 2016
Once the data is seasonally adjusted, BBVA Research estimations show that passenger car registrations were reduced by a monthly 9% in March, which was more than expected. All in all, the first quarter of 2016 closes with a rise in sales of 3,6% QoQ, 5pp more than in 4Q15.
After seasonal adjustments, BBVA Research estimates show that passenger car registrations slightly grew in February, which is in line with what was expected. Companies and particulars were responsible for this rise.
BBVA Research estimations show that passenger car registrations, after seasonal adjustments, grew more than expected in January. The professional channel was the main influence behind this growth.
After seasonal adjustments, BBVA Research estimates that passenger car registrations increased in November more than expected. Rent-a-car and private customers responsible for the demand rise
After seasonal adjustments, BBVA Research estimates indicate that passenger car registrations declined slightly in October due to the downturn in demand for companies.
After seasonal adjustments, BBVA Research estimates indicate that passenger car registrations have kept growing in September, underpinned by the business channel. The balance of 3Q15 shows a slight increase of sales.
After seasonal adjustments, BBVA Research estimates indicate that passenger car registrations slightly increased in august. Businesses and private customers offset the loss of momentum in rent-a-car companies.
