Spain’s commercial structure is in good shape and it seems to arrive in the middle of the year. economic slowdown expected all over Europe second term: According to data from Eurostat, the statistical service of the European Commission, the Spanish retail sales index reached its best number in years in June and grew at the same time, while the European Union average fell (EU), one of these eurozone and one of them main economies of the continent.
Specifically, this indicator that measures how job invoicing who is dedicated clothing for sale, food, to drink, tobacco, furniture anyone cars, among many other products, increased by 7.5% in Spain in June compared to last year. On the other hand, it fell 1.6% on average in the EU and 1.4% in the euro area (excluded group). Bulgaria, Czech Republic, Denmark, Hungary, Romania And Sweden because they don’t have Euros), 1.8% Germany, 2.9% France and another 3.4% Italy.
It is true, however, that Europe’s two largest economies, Germany and especially France, came in with a big boost in June. higher sales rate. In addition In their case, as in Italy, at this very moment in 2020 and 2021, x-rays were much more favorable for them; covid pandemic.
Anyway, Ministry of Industry, Trade and Tourism Spanish read the situation positively this Thursday. The progress of sales in the country, Minister responsible for this department, Hector Gomez“The employability data underline the health and dynamism of our domestic market, which is improving every month, and the economy as a whole”.
In a statement, the ministry compiled the information as sales increased in June in all autonomous communities compared to the previous year. Balearic Islands (+14.4%), Madrid (+11.7%) and Catalonia leading (+8.4%); In Spain, rising by 7.5% and the remaining major European economies declining; In particular, employment in this sector increased by 2% compared to June 2022, small chainsreported that the number of workers reached an all-time high in July with 1.9 million jobs. In fact, in this direction, unemployment has decreased At 5.6% last month, the commercial fabric also reached the lowest figure in a series that started in 2009 with approximately 248,000 unemployed.
Another important point is that it increases the confidence of both the entrepreneur and the manager. this kind of business, by the consumer. HE confidence indicator monthly editor European CommissionAlso published by Eurostat, it reflects that traders in Spain are 7.3% more optimistic than the previous month, when the index remained unchanged.
This is a percentage that is once again higher than what the chart shows. European Union as a whole (3.9%) and eurozone especially (-4.5%) and also german stores (-17.6%) and French (-8.2%), both were pessimistic throughout the year. In Italy, on the other hand, they are looking at the coming months with confidence as commercial fabric confidence has increased by 12.7%. Besides the rates even exceeding 7% in Spain, Bulgaria, Czech Republic, Greece And malt.
There are also improvements on the consumer side, but in this case not enough to completely dispel doubts. From this survey Brussels It shows that the Spaniards spend the whole year together. negative expectations This is still the case around consumption and economy and in July when the index was -11.4%. The good news is that this balance is almost 5 points better than in June. This pessimism is repeated in all the economies that make up the EU, but only among the major economies. Italy.
Source: Informacion
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