The Spanish economy exhibits signs of improvement, with productivity seeing modest growth in recent years. Specifically, total factor productivity (PTF) increased by 2.71% in 2022 and 1.05% in 2023, although it remains below the European Union average. Experts suggest enhancing business efficiency and adapting the education system to meet labor market demands as strategies to foster further growth. These adjustments could potentially boost productivity by 4.9% if lagging companies reach their sector’s median efficiency level. On the financial markets front, the Ibex 35, Spain’s benchmark stock index, saw an increase, gaining 0.63% to 11,761.4 points, reflecting broader positive trends in European markets such as those in Paris and Milan. The emphasis on renewable energy investments and conscious consumer habits also points to a strategic shift towards sustainable economic practices. Overall, Spain’s economic landscape presents a cautiously optimistic outlook amid ongoing challenges.

The Brent reached mid-day with losses of (-0.25 %), going down to 80.71 dollars per barrel. The gold until mid-day has had a decrease of (-0.05 %), diminishing its price to 2682.4 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has lost (-0.02 %) until mid-day, going back to 5002.9 points. The DAX 30, with a 0.07 % gained until mid-day, is reaching 20286.0 points, the FTSE 100 has lost (-0.16 %) until mid-dat, going back to 8219.95 points, and the EURONEXT 100 has had virtually no change until mid-day, at 1483.14 points.

Throughout the day the following indicators indicators for Europe have been published: the Industrial production (YoY) of Italy in November (-1.5%).

Up until mid-day, the IBEX has got a decrease of (-0.36 %), to get to 11740.4 points. The best performers until the mid-day have been MELIÁ HOTELS (+1.181 %), INDRA (+1.127 %) and NATURGY with an change of (+0.606 %) on its values respectively. The worst performers until the mid-day have been LABORATORIOS ROVI (-1.605 %), BBVA (-1.524 %) and BANCO SANTANDER with a change of (-1.09 %) on its values respectively.