The Spanish economy continues to exceed expectations, closing 2024 with a notable 3.2% growth in GDP, far outpacing the broader eurozone. This robust growth, driven primarily by strong private consumption and investment, has enabled Spain to consistently outperform economic forecasts as evidenced by its 3.5% year-over-year GDP increase in recent assessments. Additionally, national demand played a significant role, contributing 2.8 percentage points to the year’s growth, compared to the previous year. Despite a slight decline in external demand contributions, Spain’s economic expansion remains impressive, supported by favorable market conditions. This upward trajectory is expected to continue into 2025, with forecasts indicating GDP growth above 2.5%, further reflecting the effectiveness of current economic policies and the ongoing efforts of economic and social stakeholders. The sustained momentum suggests a resilient economic framework, reinforcing Spain’s position as a standout performer within the European economic landscape.
The Brent opened with virtually no change, at a price of 76.85 dollars per barrel. The gold opened the session with virtually no change, at a price of 2771.5 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 5231.77 points. The DAX 30 started the session with virtually no change, in 21525.63 points, the FTSE 100 started the session with virtually no change, at 8542.49 points, and the EURONEXT 100 started the session with virtually no change, at 1525.73 points.
Throughout the day the following indicators will be published: the GDP (QoQ) of Spain in Q4.
The IBEX opened with virtually no change, at 12229.1 points. The best performers at the beginning of the day have been INDITEX (+2.275 %), SOLARIA (+2.218 %) and IAG GROUP with a change of (+2.207 %) on its values respectively. The worst performers at the beginning of the day have been ARCELORMITTAL (-0.801 %), ENDESA (-0.565 %) and FERROVIAL with a change of (-0.48 %) on its values respectively.