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  • Squawk / Thursday at 7:17 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    Spanish economy booms!

    The Spanish economy recorded an increase in activity of no less than 1% q/q in the second quarter - in line with expectations - following a similarly impressive 0.9% increase in Q1. This implies that the economic activity is up 3.9% on an annualised basis in the first half of 2015 and 3.1% y/y.

    We have long had a favourable view on the Spanish economy and we continue to do so when looking ahead. The reforms are starting to work, including the labour market reform(s), and the housing market appears to have bottomed in late 2014. We look for full-year growth of 3% and we could even see a surprise to the upside.
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  • Calendar event / Wednesday at 7:00 GMT

    ES Retail Sales

    forecast
    actual
    Low Retail Sales, M/M
    Low Retail Sales, Y/Y%
    +2.3%
  • Calendar event / 24 July 2015 at 7:00 GMT

    ES PPI

    forecast
    actual
    Low PPI, M/M%
    +0.9%
    Low PPI, Y/Y%
    -1.4%
  • Calendar event / 14 July 2015 at 7:00 GMT

    ES CPI

    forecast
    actual
    Med Yearly % Change
    +0.1%
    Med Harmonized Yrly % Chg
    0%
    0%