Consumption

Peru's Big Data Private Consumption Index grew 9.3% year-on-year in September, above the historical average. This progress occurs in a context of high inflation (4.5%) that affects purchasing power; however, consumer credit and labor market are providing support.

Household savings in Spain do not depend solely on income. A typical household saved 19% of its income in 2024, but this figure hides significant differences. Factors such as household size, housing tenure (rent or ownership), and area of residence are key determinants.

In 2Q26, GDP grew by 0.7% q/q, one tenth above expectations, reinforcing the upward bias on the growth forecast for 2026. Domestic demand gained strength, driven by private consumption and investment. Employment maintained a solid advance, although productivity showed an uneven evolution.

Cantabria’s economy is expected to maintain solid growth in 2026–2027, supported by employment, consumption, a recovery in exports, and expansionary fiscal policy. Global economic conditions will continue to weigh on industry and investment, while challenges related to productivity, housing, and labour supply persist.

This study analyzes the saving capacity of Spanish households in 2024. Income is the determining factor. Additionally, household size and housing tenure are key variables that significantly influence family savings.

Economic activity in Peru grew 3.6% year-on-year in July, exceeding forecasts. The dynamism of non-primary sectors, such as construction and commerce, was the main driver, offsetting the weakness in primary sectors, which were affected by climate anomalies and a contraction in fishing.

Peru's Big Data Private Consumption Index showed a year-on-year growth of 10.2% in August, the highest rate in three months. This evolution occurs in a context of high inflation but is supported by improving consumer confidence, a strong labor market, and the advancement of spending digitalization.