Catalan GDP grows 0.7% in the first quarter of 2017

May 4, 2017 01:40 PM | ACN

The Catalan economy is getting stronger, according to the latest growth figures published on Thursday by the Catalan Ministry of Economy and the Office of Statistics (IDESCAT). Catalan GDP grew 0.7% between January and March, a 0.2% increase in comparison with the two previous quarters. The labor market is also improving, with April figures showing the largest decrease in unemployment in that month in 21 years. With 425,751 people without jobs, Catalonia is reaching the pre-crisis levels of unemployment. The official data shows that unemployment fell by 4.54% between March and April 2017, and by 12% year-on-year.

Economic growth forecast for 2016 adjusted upward to 3.4%

November 23, 2016 06:18 PM | ACN

The Catalan Ministry for Economy and Tax Office presented this Wednesday the data of the macroeconomic chart to be included in the budget for 2017, which the Catalan executive expects to pass next week.  According to this document, the Catalan economy’s expected growth will be 3.4%, 0.5% more than the growth forecast for the Spanish economy, which is expected to be 2.9%. Regarding 2017, the chart keeps the figure released last May which foresaw 2.7% growth. According to the Catalan Vice-president and Minister for Economy and Tax Office, Oriol Junqueras, this figure is “considerably higher” than the expected growth for the Eurozone (1.5%). The budget for 2017 also foresees the creation of 160,000 jobs between 2016 and 2017. 

Catalan economy posts 3.3% growth in third quarter of 2016

November 8, 2016 03:00 PM | ACN

In annual terms, the Catalan economy grew by 3.3% in the third quarter of 2016 according to official data released this week by the Catalan Ministry for Economy and Tax Office and the Statistical Institute of Catalonia (Idescat). This increase is mainly thanks to the boost provided by the services sector, which saw annual growth of 3%, and the acceleration of the industrial sector, whose growth stood at 4.9%, the highest for the last six years. The quarterly growth rate, however, stood at 0.7%, one tenth lower rise than the previous quarter, but four percentage points above the Eurozone average. According to the data, there is a slight slowdown in the expansion of the Catalan economy, as annual growth in the first and second quarter of this year were 3.7% and 3.5%, respectively.  

El Prat Airport records second-largest passenger grow in Europe

August 12, 2016 06:52 PM | ACN

12.7% more passengers used Barcelona El Prat Airport’s facilities during the first half of 2016 than in the same period last year. According to data released by the Airports Council International (ACI) and adding the figures corresponding to July, 25,028,393 people used El Prat’s facilities in the first seven months of the year. Thus, Barcelona’s airport has the second-largest passenger growth in group 1, which includes those airports with more than 25 million passengers per year, only behind that of Dublin, which registered 13.4% growth. However, in June, El Prat was the European airport which saw the highest increase in the number of passengers (10%) and its pace of growth was double that of the European airport average. According to ACI these good results are mainly due to the high amount of low-cost flights operated to and from El Prat, which was double the amount operated from Madrid. Moreover, the number of movements from January to July reached 117,326, which represents 6.5% more than in the same period last year.

Catalan economy keeps positive trend and posts 3.5% annual growth

July 28, 2016 06:20 PM | ACN

Neither ‘Brexit’ nor the lack of a government in Spain seem to have affected the progress of the Catalan economy, which registered 3.5% growth at the end of the second quarter of 2016 compared to the same period last year. According to figures released this Thursday by the Catalan Finance Ministry and the Catalan Statistics Institute (Idescat), the pace of growth in  the second quarter was 0.8% in terms of GDP, the same figure registered in the previous quarter. Regarding the economic sectors, industry registered the highest growth, even higher than the Eurozone average. Considering these figures, the forecasts for the whole of 2016 made by the Catalan Department for Economy may have to be revised upwards, since in May the body estimated a 2.9% growth for the whole year.