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Flash notes

What's happening

Flash notes

Flash notes are Afi's real time analysis and commentary on key events affecting the Spanish economic and political outlook as they happen.

Macro and Markets Research
12.03.18   Far right emerges and stuns in first round of host of upcoming elections Click on the icon to download the document  (370 kB.)
11.07.18   The Supreme Court rules out imposing retroactive costs on banks over mortgage Stamp Duty Click on the icon to download the document  (338 kB.)
11.02.18   Spain´s GDP growth fared well in the summer (+0,6% QoQ) despite the slowdown in external demand Click on the icon to download the document  (375 kB.)
10.25.18   Banking stocks are still suffering the Supreme Court ruling about Stamp Duty costs Click on the icon to download the document  (353 kB.)
10.16.18   Budget blueprint sticks to the rules, but estimates of some revenue measures too high Click on the icon to download the document  (411 kB.)
10.09.18   IMF: sanguine for the short term, more nuanced for structural problems Click on the icon to download the document  (401 kB.)
10.05.18   AIREF forecasts higher population growth until 2050 Click on the icon to download the document  (257 kB.)
10.04.18   IMF warnings: pro-cyclical policy and U-turn in reforms Click on the icon to download the document  (257 kB.)
10.03.18   Leading indicators point to further softening of growth Click on the icon to download the document  (322 kB.)
10.02.18   Spain daily Click on the icon to download the document  (343 kB.)
09.13.18   Academic scandals dominate Spanish political life this week despite the tight budget calendar ahead Click on the icon to download the document  (309 kB.)
08.08.18   Industrial production slows down in June amid global trade concerns, another signal of Spanish cycle relative weakness in the second half of the year Click on the icon to download the document  (404 kB.)
08.03.18   Lowest PMI reading in 56 months adds up concerns of economic growth deceleration in the summe Click on the icon to download the document  (354 kB.)
08.02.18   The labour market cools down in July and signs of economic deceleration on Q318 start building up Click on the icon to download the document  (535 kB.)
08.01.18   As illegal immigration flows increase with the good summer weather, new PP leader Casado picks on an issue from which Spanish politics had been relatively immune so far Click on the icon to download the document  (347 kB.)
07.31.18   Q218 slows down more than expected (0.6% QoQ) due to the deceleration of private consumption and trade woes Click on the icon to download the document  (429 kB.)
07.30.18   The Government proves unable to get the new path of public deficit targets for the next three years approved Click on the icon to download the document  (266 kB.)
07.26.18   Q218 LFS shows robust growth in the labour market in the quarter and leaves the unemployment rate in levels last seen a decade ago Click on the icon to download the document  (367 kB.)
07.24.18   he new PP leader wants to block in the Senate the new public deficit targets path informally agreed by the Government and the European Commissio Click on the icon to download the document  (428 kB.)
07.13.18   Sánchez´s Government manages to obtain a more lenient ¿and realistic¿deficit target for the next two years from the European Commision Click on the icon to download the document  (353 kB.)
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