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November 17, 2023
Spain | Consumption Outlook. November 2023
The recovery in private consumption is losing momentum, dropping from an annual 5.9% in the 2021-2022 biennium to 2.0% in 2023-2024. The increase in financing costs counteracts the modest rise in income, net financial wealth, and household expectations.
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October 24, 2022
Spain | Consumption Outlook. Second half 2022
Private consumption is mainly responsible for the slowdown in economic growth. The loss of consumer purchasing power, the rise in the cost of financing, the upturn in uncertainty and supply restrictions are conditioning the recovery in household spending, which will barely increase by 1.0% in 2022 and 0.9% in 2023.
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June 6, 2022
Spain | Why are automobile sales down?
The automobile sector offers a useful overview of many of the general trends that we are seeing in the economy. First of all, it provides a good example of the impact that society's changing preferences are having and, secondly, it demonstrates how supply-side constraints are limiting growth.
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June 4, 2021
Spain | Consumption Outlook. First half 2021
The recovery in private consumption will gain momentum as vaccination progresses, the EU recovery package (NGEU) starts to boost demand and households consolidate the absorption of excess savings. Consumer spending will grow by 6.1% in 2021 and 6.8% in 2022.
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January 29, 2021
U.S. Auto Sales Chartbook. January 2021
New vehicle sales went up 5% in 4Q20 from the previous quarter to 16.2 million units. For 2020, sales declined 14.7% to 14.5 million units, the lowest since 2012. Resilient demand and tighter supply has significantly boosted prices in both the used and new-vehicle segments.
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November 4, 2020
Spain | Consumption Outlook. Second half 2020
The restrictions adopted in response to the health crisis and the increase in uncertainty are driving savings to the detriment of consumption, which will fall by -14% in 2020. Spending will rebound by 7% in 2021, driven by the expected recovery of its determinants and the absorption of some of the dammed demand.
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October 28, 2020
U.S. Auto Sales Chartbook. October 2020
Sales of new vehicles have experienced a v-shaped recovery, increasing 36% in 3Q20 from the previous quarter. However, levels were 10% below the same quarter of the previous year. We expect total new vehicle sales to reach 14.5 million units in 2020, the lowest since 2012.
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May 21, 2020
Spain | Consumption Outlook. First half 2020
The health crisis is causing an unprecedented collapse in consumption. Spending on durable goods loses in three months what it has regained in seven years. The decline in vehicle purchase intentions anticipates a significant contraction in demand in 2020, which will rebound in 2021.
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January 31, 2020
U.S. Auto Sales Chartbook. January 2020
New vehicle sales were 16.9 million in 2019, 1.7% less than in 2018. Although still solid, 2019 sales were the lowest since 2014. We expect new car sales to slow down further in 2020, due to slower economic growth and less affordable vehicles.
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March 4, 2019
Economic tension remains unresolved
One situation that is often used in works of fiction is the existence of an underlying, unresolved tension between two of the characters, let’s say dealing with feelings, which goes on to affect the development of the plot.
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