economy

The price increase is the result of the start of the winter season, in particular regarding clothing and shoe sales.

The last monthly report by La Caixa, the main Catalan financial institution, also stresses that the currency war should end in order to avoid a protectionism escalation. It foresees a Spanish GDP growth of 0.7% for 2011.

The Japanese company rejects the candidacy of its Catalonia factory for manufacturing the new car because it is not 'competitive'. The deputy CEO of Nissan in Spain blames the unions for not accepting new labour conditions which would have accommodated Nissan's interests.

The decrease in the number of jobless has been fuelled by an improvement in the industrial and construction sectors. In Spain, unemployment has risen to more than 4 million people.

In 2008 and 2009, fairs in Catalonia generated 2,372 million euros and 30,000 workers, according to a study by the Universitat Pompeu Fabra. Despite the crisis, 2009 saw more fairs than 2008, and 441 are already planned for 2011.

The professor of business direction and administration for IESE, Pedro Nueno, assures that conversations between the Catalan Government and the Chinese auto manufacturer Chery are “fully underway”.

The Masella and La Molina ski areas will open their slopes for skiers this weekend. They expect to sell over 2 million ski passes.

The number of new businesses in Catalonia grew 4.7% from August to September, with a total of 843 new businesses around Catalonia. 146 companies closed this September, 12% more than in September of 2009.

Catalonia saw its prices rise by 8 decimals in October, contributing to an annual inflation rate of 2.6%. Prices for apparel and footwear rose by 10.4 points in Catalonia, playing a heavy role in the overall increase of prices.

The Catalan transport infrastructure service company received a net profit of 561 million euros during the first 9 months of 2010. This figure is a 4.2% higher than the same period in 2009.

Gas Natural Fenosa made 4,000 million euros more than in 2009, with a profit of 1,117 million euros.

Unemployment has increased in the service and agricultural sectors. However, it decreased in the industry and construction sectors. Unemployement has increased throughout Catalonia, although Lleida is the most affected province. Unemployment has also increased in the rest of Spain.

The 3rd term (July-September) ended with less people unemployed in Catalonia, concretely 6,700 people less. The unemployment rate has decreased 3 decimals and is now 17.41% of the active population. In addition, Catalonia represents half of all the new jobs created in Spain this term, with 34,500 jobs created. It is the first time in the last year that unemployment has dropped for the whole of Spain.

Transportation, clothing and footwear are the products that have seen the greatest drop. The family expenditure figures reflect the state of household economies in the context of the economic crisis: high unemployment rates and high levels of private debt.

The “export vocation” and “good management of economic, tourism and trade competences” will ease Catalonia’s recovery from the crisis. This is the opinion of José Manuel González-Páramo, member of the European Central Bank’s Executive Board.