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Inflation stood at 1.1% in February, thus matching the flash figure released by the National Statistics Institute on 28 February.

The pace of GDP growth would stand slightly below the 4Q 2018 figure (0.7% qoq).

Inflation climbed 0.2 pp in March to 1.3%, providing continuity to the uptick posted in the previous month.

Spain emerged from the excessive deficit procedure after posting a public deficit of less than 3% in 2018, specifically 2.6% of GDP.

The current account balance stood at 10,374 million euros in January 2019 (0.86% of GDP), down 1.0 pp compared to January 2017 (1.82% of GDP).

The labour market gained traction in March, as evidenced by an uptick in Social Security affiliates of 53,036 individuals in seasonally adjusted terms, similar to the previous month’s figure (38,833).

Inflation stood at 1.3% in March, thus matching the flash figure released by the National Statistics Institute on 28 March.

The labour market showed a very robust trend in the first quarter, as evidenced by job creation rallying to 3.2% yoy, the fastest pace in the last three years.

The Spanish economy began the year with somewhat more solid growth than anticipated (0.7% qoq compared to anticipated growth of 0.6%).

Inflation climbed 0.2 pp in March to 1.5%, providing continuity to the uptick posted in the previous month. The figure stands short of the CaixaBank Research forecast (1.8%).

The current account balance stood at 9,380 million euros in February 2019 (0.77% of GDP), down 1.0 pp compared to February 2018 (1.79% of GDP).

The budget execution figures available up to February show slight impairment of overall public sector accounts, excluding local authorities.

The labour market again posted good momentum in April, as evidenced by an uptick in Social Security affiliates of 52,192 individuals in seasonally adjusted terms, similar to the figure from the previous month (53,036).

Inflation stood at 1.5% in April, thus matching the flash figure released by the National Statistics Institute on 30 April.

Appraisal prices for housing continued their good rate of ascent in the first few months of the year, with a qoq increment of 1.1%.

The budget execution figures available up to March show a slight improvement to overall public sector accounts, excluding local authorities.

Inflation was down 0.7 pp in May to 0.8%, thus rolling back the rally posted in recent months.

The current account balance stood at 0.74% of GDP in March (0.77% in February and 1.77% in March 2018).

The labour market secured a good performance in May, as evidenced by an uptick in Social Security affiliates of 211,752 in non-seasonally adjusted terms, very close to the CaixaBank Research forecast (212,000).

Inflation stood at 0.8% in May, thus matching the preliminary figure released by the National Statistics Institute on 30 May.