CaixaBank Financial Markets Daily Report 20 December 2024 Following the FOMC meeting on Wednesday, during which the Fed signaled a cautious path ahead, euro area financial markets caught up to their US counterparts during yesterday's session. Sovereign bond yields rose by +6bp in the region, and the main equity indices ended sharply lower. Meanwhile, the euro traded around $1.03 against the dollar. Spain Cantabria According to CaixaBank Research’s estimates, Cantabria’s GDP grew by 2.2% in 2024, below the national average (2.8%), hampered by the weak performance of investment, industrial activity and exports, in a context of lower demand from its main trading partners. However, the… 18 December 2024 Spain Andalusia Andalusia’s economy is performing well. According to CaixaBank Research’s estimates, Andalusia’s GDP grew by 2.6% in 2024, below the Spanish average (2.8%). The strength of consumption, boosted by buoyant tourism and the recovery of the agricultural sector thanks to more… 17 December 2024 Spain Navarre AC In 2024, Navarre’s economy is performing slightly more sluggishly than on average in Spain: we estimate GDP growth of 2.5% (2.8% in Spain). The modest consumption and employment figures stand in contrast to the signs of recovery in industrial activity, especially in the… 04 December 2024 Spain Aragón According to CaixaBank Research estimates, Aragón’s GDP will grow by 2.6% in 2024, slightly less than the Spanish economy as a whole (2.8%). Aragon’s economy is benefiting from the upturn in industrial activity, especially in the important food and motor vehicle… 04 December 2024 Spain Galicia 04 December 2024 Spain Basque Country 04 December 2024 Spain Madrid AC 20 November 2024 Spain Castile and León 20 November 2024 Spain Balearic Islands 20 November 2024 Spain Canary Islands 20 November 2024 Publications Sectorial Report Sectoral Observatory S2 2024 Monthly Report No. 495| Spain in front of the mirror: the evolution of inequality and the middle class December 2024 Sectorial Report Agrifood. Spain’s agrifood sector enjoys a revival 2024 Spain Spain’s Macroeconomic & Financial Outlook 11 December 2024 Portugal Portugal’s Macroeconomic & Financial Outlook 12 November 2024 Sectorial Report Real Estate. Strong demand and short supply shape the sector S2 2024 Sectorial Report Tourism. Sustainable growth: the challenge of Spain’s tourism sector S2 2024 Sectorial Report Manufacturing Industry 2023 Opinion Editorial Now is not the time for inaction José Ramón Díez Head of International Economics & Markets Key points of the month Big data and the big challenges of the Spanish economy Oriol Aspachs Head of Spanish Economics Recommended Sectoral Observatory The climate transition of Spain’s economic sectors David Cesar Heymann 18 December 2024 Sectoral Observatory The automotive sector in Spain: the challenge of remaining competitive in the new global ecosystem Sergio Díaz 18 December 2024 Sectoral Observatory Outlook for the Spanish economy and its sectors in 2024-2025 David Cesar Heymann 18 December 2024 Sectoral Observatory Widespread growth across virtually all sectors after overcoming the shocks of recent years Pedro Álvarez Ondina 18 December 2024 Sectoral Observatory Robust growth across virtually all sectors, but with some differences Judit Montoriol Garriga 18 December 2024 Sectoral Observatory Infografía. Sectoral recap for 2024 Judit Montoriol Garriga 18 December 2024 Spain's outlook The Spanish economy keeps up the pace in Q4 CaixaBank Research 18 December 2024 Currencies Be careful what you wish for (and be wary of your neighbour’s economy): Trump and the dollar David del Val 17 December 2024 Geopolitics Exposure of the European economy to a US tariff hike David Martínez Turégano 17 December 2024 Most read 2025 global outlook: in search of a new normal Has the drought in Catalonia changed what households spend on water? Outlook for the Spanish economy and its sectors in 2024-2025 The Spanish real estate market in 2024-2025: in expansive mode Exposure of the European economy to a US tariff hike Newsletter Being informed now is more important than ever Get our latest updates Sign in Hot topics Real-Time Economics Inflationary pressures Podcasts Perspectivas económicas 2025 26/11/2024 Forecasts Financial markets Update date 09-12-2024 Macroeconomic Update date 09-12-2024 Team Ariadna Vidal Martínez Lead economist Imelda Esteban Senior economist David Cesar Heymann Economist Alberto Graziano Senior Data Scientist Judit Montoriol Garriga Lead economist Nuria Bustamante Lead economist Enric Fernández Chief Economist Meet us Léopold Jouven Analyst Javier Ibáñez de Aldecoa Fuster Economist Oriol Carreras Baquer Senior economist Ana María Porras Organization Oriol Aspachs Head of Spanish Economics Jesús Viscarri Organization Roser Ferrer Senior economist Meet us María Romero Meléndez Economista Isabella Castillo Hernández Research assistant Mireia Crusells Analyst Luís Pinheiro de Matos Economist Anna Bahí Esteba Research Assistant Carolina Cruz Organization Sandra Jódar Rosell Director of Strategic Planning Meet us Maitane Lizarraga Analyst José Ramón Díez Head of International Economics & Markets Rita Sánchez Soliva Economist David del Val Senior economist Zoel Martín Vilató Economist Patricia Esteban Communication Eduard Alcobé Garcia Data scientist Meet us Beatriz Villafranca Serrano Economist David Martínez Turégano Economist José Antonio Sánchez Palomino Data scientist Ana Rincón García Organization Javier García Arenas Senior economist Isabela Lara White Economist Josep Mestres Domènech Senior economist Meet us Adrià Morron Salmeron Lead economist Pedro Álvarez Ondina Economist Mar Bisquert Perles Data scientist Sergio Díaz Economist Meet us
Spain Cantabria According to CaixaBank Research’s estimates, Cantabria’s GDP grew by 2.2% in 2024, below the national average (2.8%), hampered by the weak performance of investment, industrial activity and exports, in a context of lower demand from its main trading partners. However, the… 18 December 2024
Spain Andalusia Andalusia’s economy is performing well. According to CaixaBank Research’s estimates, Andalusia’s GDP grew by 2.6% in 2024, below the Spanish average (2.8%). The strength of consumption, boosted by buoyant tourism and the recovery of the agricultural sector thanks to more… 17 December 2024
Spain Navarre AC In 2024, Navarre’s economy is performing slightly more sluggishly than on average in Spain: we estimate GDP growth of 2.5% (2.8% in Spain). The modest consumption and employment figures stand in contrast to the signs of recovery in industrial activity, especially in the… 04 December 2024
Spain Aragón According to CaixaBank Research estimates, Aragón’s GDP will grow by 2.6% in 2024, slightly less than the Spanish economy as a whole (2.8%). Aragon’s economy is benefiting from the upturn in industrial activity, especially in the important food and motor vehicle… 04 December 2024
Monthly Report No. 495| Spain in front of the mirror: the evolution of inequality and the middle class December 2024
Sectoral Observatory The climate transition of Spain’s economic sectors David Cesar Heymann 18 December 2024
Sectoral Observatory The automotive sector in Spain: the challenge of remaining competitive in the new global ecosystem Sergio Díaz 18 December 2024
Sectoral Observatory Outlook for the Spanish economy and its sectors in 2024-2025 David Cesar Heymann 18 December 2024
Sectoral Observatory Widespread growth across virtually all sectors after overcoming the shocks of recent years Pedro Álvarez Ondina 18 December 2024
Sectoral Observatory Robust growth across virtually all sectors, but with some differences Judit Montoriol Garriga 18 December 2024
Currencies Be careful what you wish for (and be wary of your neighbour’s economy): Trump and the dollar David del Val 17 December 2024
Geopolitics Exposure of the European economy to a US tariff hike David Martínez Turégano 17 December 2024