Economics & Markets

In this article, we analyse the latest data on the savings rate of Spanish households, which remains high, and the structural and economic factors that explain its evolution. This helps us to understand what its trajectory might be in the coming years.

The November activity indicators point to a very positive Q4 for the Spanish economy, while inflation stabilises at still somewhat high levels and the house price rally shows no sign of easing. The current account surplus is reduced by the strength of imports, as is the public deficit compared to last year.