Tag: construction industry

Spanish unemployment continues to climb

Spanish unemployment continues to climb

Figures have today revealed the unemployment rate in Spain rose to 20.5% - twice the euro zone average. According to the Ministry of Labour, there are now 4.33 million people out of work - the highest since 1996. Meanwhile, the benefit claimant count rose by 34,406 people. Spain currently has the highest unemployment rate in [...]

April 4, 2011 | 0 Comments More
Spanish economic growth edges higher in Q4

Spanish economic growth edges higher in Q4

Provisional estimates have revealed Spain’s economy grew 0.2% in the fourth quarter of 2010. However, the economy contracted 0.1% during 2010, the National Statistics Institute (INE) said today. The news is a further blow to the economy which has the highest unemployment rate in the industrialised world - at more than 20%. The country has [...]

February 11, 2011 | 0 Comments More
Spanish unemployment drops, Germany sees rise in jobless

Spanish unemployment drops, Germany sees rise in jobless

The labour ministry today announced unemployment fell in Spain in December. Spain, which has the highest unemployment rate in the EU, has been hit by a severe slump within its key construction industry, which has led to a significant amount of job losses. Growth in the economy, which is Europe’s fifth-biggest, declined for seven consecutive [...]

January 4, 2011 | 0 Comments More
Spain’s economic growth stagnates in Q3

Spain’s economic growth stagnates in Q3

Figures have revealed that Spain’s economy stalled in the July to September period. The disappointing 0.2% annualised growth will be a blow to the economy, which is stalling due to measures taken by the Government to trim its spiralling budget deficit. The country is also battling with the highest unemployment rate in Europe. However, last [...]

November 7, 2010 | 0 Comments More
Spanish unemployment rate falls below 20% mark

Spanish unemployment rate falls below 20% mark

Spain’s statistics office has revealed that the country’s unemployment rate has finally fallen - to 19.8% in the July-September period. It was the first fall in unemployment in three years but the rate still remains the highest in Europe. Spain’s jobless rate is almost double the 10% for the euro zone as a whole with [...]

October 31, 2010 | 0 Comments More
Further blow for Spain as Fitch cut rating

Further blow for Spain as Fitch cut rating

Fitch Ratings cut Spain’s credit rating from the maximum AAA to AA+ on Friday and the news comes just a week after one of the country’s banks, CajaSur, was bailed out. Standard & Poor’s cut Spain’s credit rating a month ago and comes as the country has been forced to implement tough austerity measures in [...]

May 30, 2010 | 0 Comments More
Spain’s unemployment rate exceeds 20%

Spain’s unemployment rate exceeds 20%

Official figures have today revealed that Spain’s unemployment rate has reached 20.05% - the highest level in 13 years. The economy has been hit by a severe slump within its key construction industry, which has led to a significant amount of job losses. Spain’s jobless rate is double the 10% for the euro zone as [...]

April 27, 2010 | 0 Comments More
Construction industry contracts at slower rate

Construction industry contracts at slower rate

There were further hopes of a strong recovery today after the Chartered Institute of Purchasing & Supply (CIPS)/Markit purchasing managers’ index (PMI) rose to 48.6 in January, up from 47.1 the previous month - the smallest fall in activity during the current 23-month period of contraction. The figures came just a day after the CIPS/Markit [...]

February 2, 2010 | 0 Comments More
Ireland’s unemployment rate falls to 12.5%

Ireland’s unemployment rate falls to 12.5%

For the first time in two years, Ireland’s unemployment rate fell in October to 12.5%, down from 12.6% the previous month. The fall in the rate came as a surprise to many analysts as the economy has been hit by a severe slump within the construction industry, which has led to a significant amount of [...]

November 4, 2009 | 0 Comments More
New housing starts lowest since 1924

New housing starts lowest since 1924

The Construction Products Association (CPA) and Ernst & Young, which jointly produce a quarterly barometer of the construction sector, have reported that the number of homes being built in the UK has fallen to its lowest level since 1924. Housing developers hit by plummeting sales have been mothballing new projects and so far this year [...]

December 16, 2008 | 0 Comments More