China’s alchemy: how it transforms critical minerals into global power International economy Luís Pinheiro de Matos Thu, 01/15/2026 - 13:16
Business turnover, a structural challenge for Spain’s catering sector Spanish economy Pedro Álvarez Ondina Wed, 02/11/2026 - 14:13
Treasury funding needs in 2026: high but manageable thanks to strong demand Spanish economy Javier García Arenas Wed, 02/11/2026 - 12:42
Financial Markets Daily Report 11 February 2026 In yesterday's session, weaker-than-expected US retail sales in December combined with expected lower consumption due to harsh winter conditions, reinforced expectations of interest rate cuts during the year, with the first one occurring in June. Today key employment data will be released which should add further clarity on the interest-rate path. Tourism Business turnover, a structural challenge for Spain’s catering sector Since the end of the pandemic, the catering industry in Spain has enjoyed a rapid recovery, supported by the dynamism of tourism and the normalisation of consumption. Revenues have grown and employment has reached historic highs, consolidating its role as one of the… Pedro Álvarez Ondina 11 February 2026 Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Spain is facing 2026 with funding needs that remain high, albeit in a relatively more favourable fiscal context than its main European peers. Despite the reduction of the deficit and public debt as a percentage of GDP, the high nominal levels and a volume of maturities… Javier García Arenas 11 February 2026 Real estate There are reasons why housing has become the top concern among European citizens This analysis examines the recent evolution of the European residential market and explores differences between countries in a context where housing has become the main concern among Europeans. What we see is a cycle marked by successive shocks and an insufficient supply,… David Martínez Turégano 11 February 2026 Productivity Hours worked and productivity: is Spain an outlier in the EU? The debate over working hours has intensified significantly in Spain, on the one hand, due to proposals for its reduction, and on the other, due to the rise in hours lost due to temporary sick leave. Beyond the impact on business costs and the labour market, the… David Martínez Turégano 11 February 2026 Financial markets Risk premiums and macroeconomics: a robust and cross-cutting relationship CaixaBank Research 10 February 2026 Labour market & demographics CaixaBank Research wage indicator: new perspectives by company size and job tenure Josep Mestres Domènech 10 February 2026 Inflation The differing speeds of inflation: a differential calculation for the ECB CaixaBank Research 10 February 2026 Portugal outlook Portugal: 2025 with more employment and robust growth CaixaBank Research 10 February 2026 Spain Basque Country 22 January 2026 Productivity The key ingredients for Spain’s regions to boost productivity Several authors 21 January 2026 Publications Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 Monthly ReportNo. 507| An analysis of European productivity January 2026 SpainSpain’s Macroeconomic & Financial Outlook20 January 2026 PortugalPortugal’s Macroeconomic & Financial Outlook20 January 2026 Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Sectorial ReportReal Estate. The Spanish real estate sector is in full expansionary phase S2 2025 Sectorial ReportSectoral Observatory S1 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial Words for the economic labyrinth José Ramón Díez Head of International Economics & Markets Key points of the month Outlook and challenges for the Spanish economy in 2026 Oriol Aspachs Head of Spanish Economics Recommended Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026 Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026 Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026 Productivity Hours worked and productivity: is Spain an outlier in the EU? David Martínez Turégano 11 February 2026 Labour market & demographics CaixaBank Research wage indicator: new perspectives by company size and job tenure Josep Mestres Domènech 10 February 2026 Inflation The differing speeds of inflation: a differential calculation for the ECB CaixaBank Research 10 February 2026 Financial markets Risk premiums and macroeconomics: a robust and cross-cutting relationship CaixaBank Research 10 February 2026 Portugal outlook Portugal: 2025 with more employment and robust growth CaixaBank Research 10 February 2026 Tourism High business churn, the unfinished business of the Spanish catering sector Pedro Álvarez Ondina 04 February 2026 Download File Most readThere are reasons why housing has become the top concern among European citizensCaixaBank Research wage indicator: new perspectives by company size and job tenureTreasury funding needs in 2026: high but manageable thanks to strong demandBusiness turnover, a structural challenge for Spain’s catering sectorRisk premiums and macroeconomics: a robust and cross-cutting relationship NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Inequality & inclusive growth Reactivation or deceleration? Podcasts Del laberinto geopolítico a la productividad: claves económicas para empezar el año 30/01/2026 Forecasts Financial markets Interest rate (%)Update date 09-02-20262023202420252026 Fed Funds 5.25 4.25 3.50 3.00 ECB Refi 4.50 3.24 2.15 2.15 Macroeconomic GDP (%)Update date 09-02-20262023202420252026 Euro area GDP 1.1 0.9 1.5 1.2 Spain GDP 2.5 3.5 2.8 2.1 US GDP 2.9 2.8 1.8 1.9 Team David Cesar HeymannEconomist Judit Montoriol GarrigaLead economist Léopold JouvenEconomist Marina Tombas SuñéData Scientist Ariadna Vidal MartínezLead economist Mar Bisquert PerlesData scientist Luís Pinheiro de MatosEconomist Meet us David Martínez TuréganoSenior economist Roser FerrerSenior economist Enric FernándezChief Economist Catalina BecuResearch assistant Oriol Carreras BaquerSenior economist Carolina CruzOrganization Patricia EstebanCommunication Meet us Eduard Alcobé GarciaData scientist Oriol AspachsHead of Spanish Economics Zoel Martín VilatóEconomist Sandra Jódar RosellDirector of Strategic Planning Jesús Manuel Carrera MorenoResearch assistant Jesús ViscarriOrganization Maitane LizarragaAnalyst Meet us María Romero MeléndezEconomista Javier García ArenasSenior economist Isabela Lara WhiteEconomist Adrià Morron SalmeronLead economist José Antonio Sánchez PalominoData scientist Javier Ibáñez de Aldecoa FusterEconomist Beatriz Villafranca SerranoEconomist Meet us David del ValSenior economist Josep Mestres DomènechLead economist Nuria BustamanteLead economist Alberto GrazianoSenior Data Scientist Ana Rincón GarcíaOrganization Rita Sánchez SolivaEconomist José Ramón DíezHead of International Economics & Markets Meet us Pedro Álvarez OndinaEconomist Mireia CrusellsAnalyst Sergio DíazEconomist Imelda EstebanSenior economist Ana María PorrasOrganization Meet usPrint
Tourism Business turnover, a structural challenge for Spain’s catering sector Since the end of the pandemic, the catering industry in Spain has enjoyed a rapid recovery, supported by the dynamism of tourism and the normalisation of consumption. Revenues have grown and employment has reached historic highs, consolidating its role as one of the… Pedro Álvarez Ondina 11 February 2026
Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Spain is facing 2026 with funding needs that remain high, albeit in a relatively more favourable fiscal context than its main European peers. Despite the reduction of the deficit and public debt as a percentage of GDP, the high nominal levels and a volume of maturities… Javier García Arenas 11 February 2026
Real estate There are reasons why housing has become the top concern among European citizens This analysis examines the recent evolution of the European residential market and explores differences between countries in a context where housing has become the main concern among Europeans. What we see is a cycle marked by successive shocks and an insufficient supply,… David Martínez Turégano 11 February 2026
Productivity Hours worked and productivity: is Spain an outlier in the EU? The debate over working hours has intensified significantly in Spain, on the one hand, due to proposals for its reduction, and on the other, due to the rise in hours lost due to temporary sick leave. Beyond the impact on business costs and the labour market, the… David Martínez Turégano 11 February 2026
Financial markets Risk premiums and macroeconomics: a robust and cross-cutting relationship CaixaBank Research 10 February 2026
Labour market & demographics CaixaBank Research wage indicator: new perspectives by company size and job tenure Josep Mestres Domènech 10 February 2026
Inflation The differing speeds of inflation: a differential calculation for the ECB CaixaBank Research 10 February 2026
Portugal outlook Portugal: 2025 with more employment and robust growth CaixaBank Research 10 February 2026
Productivity The key ingredients for Spain’s regions to boost productivity Several authors 21 January 2026
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026
Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026
Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026
Productivity Hours worked and productivity: is Spain an outlier in the EU? David Martínez Turégano 11 February 2026
Labour market & demographics CaixaBank Research wage indicator: new perspectives by company size and job tenure Josep Mestres Domènech 10 February 2026
Inflation The differing speeds of inflation: a differential calculation for the ECB CaixaBank Research 10 February 2026
Financial markets Risk premiums and macroeconomics: a robust and cross-cutting relationship CaixaBank Research 10 February 2026
Portugal outlook Portugal: 2025 with more employment and robust growth CaixaBank Research 10 February 2026
Tourism High business churn, the unfinished business of the Spanish catering sector Pedro Álvarez Ondina 04 February 2026 Download File