Spain Unemployment Rises In October

RTTNews | 100 dias atrás
Spain Unemployment Rises In October

(RTTNews) - Joblessness in Spain increased in October but logged the smallest gain for the month since 2006 except for the pandemic years of 2021 and 2022, data from the labor ministry showed on Tuesday.

The number of unemployed rose by 26,769 persons, which was a below average increase for the month of October. Economists were looking for an increase of 26,500 persons.

In September, the number of jobless increased by 3,164 persons from the previous month.

The October jobless total decreased 5.7 percent from the same month last year, which was the biggest annual fall since September 2023.

Registered unemployment was 2.60 million persons, which was the lowest figure for the month since 2007.

Among industrial sectors, construction registered a fall in unemployment compared to the previous month and the biggest gain was in services.

The labor ministry said a significant trend in hiring is confirmed with 43.5 percent contracts registered in October being permanent.

Results of the S&P Global manufacturing purchasing managers' survey for October, released on Monday, showed that factory employment in Spain increased due to the booming business that led to faster depletion of backlogs of work.

Going forward, Spanish manufacturers are planning to hire more workers as they scale up production to meet the increased demand, the survey showed.

Meanwhile, unemployment among women remained at its lowest level since 2008, while those among men increased from September.

Youth unemployment, which is joblessness among young people under 25 years of age, rose 4.35 percent monthly or by 8,361 persons.

The report also showed that a total of 1,703,095 people claimed unemployment benefits at the end of September and the coverage ratio was 70.64 percent, which was the highest since 2010.

Etiquetas: EUR
read more
Eurozone Industrial Output Falls More Than Expected

Eurozone Industrial Output Falls More Than Expected

Eurozone industrial production registered a bigger-than-expected decline in December on sharp falls in capital a Industrial output fell 1.1 percent in December from November. The fall was deeper than the forecast of 0.6 percent also reversed the 0.4 percent increase in November. Among major industrial groupings, only non-durable consumer goods and energy production improved from the last month.
RTTNews | 11 h 15 min atrás
Eurozone Investor Confidence Highest In 7 Months

Eurozone Investor Confidence Highest In 7 Months

Euro area investor sentiment strengthened to a seven-month high in February as economic expectations increased dynamically despite tariff threats, results of the monthly survey by the behavioral research institute Sentix showed on Monday. The Sentix investor confidence index climbed to -12.7 in February from -17.7 in January. The reading was the highest since July 2024. The score was forecast to
RTTNews | 3 dias atrás
German Construction Sector Continues To Shrink

German Construction Sector Continues To Shrink

Germany's construction sector remained firmly in contraction but the pace of fall softened in January, survey data from S&P Global revealed Thursday. The HCOB construction Purchasing Managers' Index rose to 42.5 in January from 37.8 in December. Although the score was firmly below the neutral 50.0 that separates growth from contraction, the reading was the highest since May 2023.
RTTNews | 7 dias atrás
German Factory Orders Rebound In December

German Factory Orders Rebound In December

Germany's factory orders rebounded at a much stronger than expected pace in December largely driven by the manufacture of transport equipment. New orders increased 6.9 percent month-on-month in December, reversing a revised 5.2 percent fall in November, Destatis reported Thursday. Orders were forecast to grow only 1.9 percent.
RTTNews | 7 dias atrás
Eurozone Private Sector Expands For First Time In Five Months

Eurozone Private Sector Expands For First Time In Five Months

Eurozone private sector expanded for the first time in five months in January as factory production showed a slower decline amid a softer growth in services activity, final survey results from S&P Global showed on Wednesday. The HCOB composite output index rose to 50.2 in January, in line with flash estimate, from 49.6 in December.
RTTNews | 8 dias atrás
Spain Unemployment Rises Less Than Forecast

Spain Unemployment Rises Less Than Forecast

Spain's unemployment increased less than expected in January and also hit the lowest level for the month in 17 years as the economy continued to exhibit robust growth, official data showed on Tuesday. The number of people out of work increased 38,725 in January from the previous month, the labor ministry said.
RTTNews | 9 dias atrás
Eurozone Inflation Rises Modestly In January

Eurozone Inflation Rises Modestly In January

Eurozone inflation edged up in January due to the acceleration in energy price growth but the intended easing path of the European Central Bank is unlikely to be influenced by the modest increase. Inflation in the euro area increased to 2.5 percent in January, while it was expected to remain at December's rate of 2.4 percent.
RTTNews | 10 dias atrás
Eurozone Manufacturing Activity Falls At Slowest Pace In 8 Months

Eurozone Manufacturing Activity Falls At Slowest Pace In 8 Months

The euro area manufacturing sector shrank at a slower pace in January as contractions in output, orders, inventories and purchasing activity slowed, final survey results from S&P Global showed on Monday. The final HCOB manufacturing Purchasing Managers' Index rose to an eight-month high of 46.6 in January from 45.1 in December. The flash reading was 46.1.
RTTNews | 10 dias atrás