The pace of job creation held at 3.4% YoY, a figure in line with CaixaBank Research forecasts, and confirming the enduring buoyancy of the labour market.

Inflation was up in November to 1.7%, 1 tenth higher than the October figure and the preliminary number published by the National Statistics Institute on 29 November.

The  CaixaBank Research GDP forecast model predicts QoQ growth of 0.68% in 4Q 2017.

The pace of job creation accelerated 1 tenth in November, rising to 3.6% YoY, a figure slightly higher than the CaixaBank Research forecast, and confirming the enduring buoyancy of the labour market.

GDP grew 0.8% QoQ in 3Q, 1 tenth short of the growth posted in 2Q 2017, and matching the national statistics institute estimate from a month ago.

CPI showed a YoY change of 1.6% in November (1.6% in October).

The deficit for Spain’s public sector as a whole, excluding local authorities (L. A.), stood at 2.0% of GDP  in September, 1.2 pp lower than the September 2016 figure.

In 3Q 2017 the growth in housing prices was up to 0.7% QoQ (0.3% in 2Q 2017), putting year-on-year growth at 2.7%.

CPI showed a YoY change of 1.6% in October (1.8% in September).

The pace of job creation was sustained in October at 3.5% YoY, a figure slightly higher than the CaixaBank Research forecast, and confirming that the buoyancy of the labour market is enduring.