Spanish Industry Slump

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of DBMarcos99 DBMarcos99 2 years, 3 months ago.

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  • #182843
    Profile photo of angie
    angie
    Spectator

    Just when we thought it was over Eurozone woes raises it’s head again!

    Of all the Eurozone’s major economies in industrial production, Spain was the worst hit, with shop prices falling fast as well, (good though for shoppers). How will this affect confidence throughout Spain?

    http://www.theguardian.com/business/2014/aug/13/eurozone-woes-spanish-industry

  • #182848
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    Seems though that the number of transactions is going UP in Spain.

    Spanish Sales UP 16.3% year-on-year, no doubt taking advantage of lower prices… But since foreign buyers are driving demand, how will that be affected by the slump in the UK?

    Sales Up

    Yet another piece of good news, according to Currencies Direct and reported in The Times, the strengthened pound is encouraging more Britons to buy abroad, with Spain the clear favourite choice.

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