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The beginning of the week will stand out for the absence of relevant macroeconomic references, although the climate will be a focus, if anyone actually takes notice, but the week will explode with figures on Tuesday and Wednesday, before retreating for a quieter end to the week.
Across Europe, the week will close with data on industrial production in France, as well as registered unemployment in Spain. Today in Spain, appointments will no longer be needed for public administration procedures in Spain, a convicted sexual assault perpetrator has his sentence reduced thanks to a higher than ordered compensation payment, a protest has been organised to call for fireworks in Madrid to be cancelled, and speed dating for singles at 300 kilometres per hour. Plus, we have details of a court case which clarifies how video surveillance can and cannot be used in the workplace.
Today in Spain, Immigration Commission set up, court clarifies new 5-day family care leave plan, financial boost for small airports, sales boost for shopping centres, and cheap high-speed train tickets to the fallas in Valencia. Around Europe today, inflation data and the final reading of the Eurozone manufacturing PMI will be published. At the same time, in the UK we will know the decision of the Bank of England, projecting that the monetary entity will choose for the fourth consecutive time to maintain official interest rates at 5.25%.
Today in Spain we have a drugs distribution network shut down at Seville airport, a former PP councillor on trial for falsifying Covid certificates, a shop administrator facing prison for stealing 140,000 euro, two separate homophobic cases being heard by the court in Madrid, and Cabify may soon be able to increase their presence in the capital, or not. Across Europe, France will publish its inflation and production price data. In addition, we will know retail sales in Spain. On a day in which, together with the unemployment rate reference in Germany and Italy, the trend of inflationary pressures in Germany in the month of January will also be relevant, after its significant rise in December and in a situation marked by the possible impact of the Red Sea situation on value chains.
In Spain today, the President applauds green and sustainable cities, tourism fair brings in more than expected visitors flying around the world to do so, small businesses to be recognised in an awards ceremony, and gambling money launderers are locked up by the Guardia Civil. The week will begin with the absence of any relevant macroeconomic data anywhere. European President Ursula von der Leyen will be in Rome, Italy, participating in the Italy-Africa Summit. In our On This Day section, I have a little bit of a tenuous and potentially confusing local connection, and a brief explanation of how Spain’s busiest and biggest airports gets its name, and if you are a fan of planes, quickly grab a pen and paper, or your calendar, because I have confirmed dates for an air show in May. Today is the day of San Valero, celebrated in Zaragosa.
In Spain Today we have a plane joker accused of bomb threat by British security services acquitted, secret cigarette factory found by the Guardia Civil on a burglary call, airport parking for motorbikes is a thing, water levels increase again, albeit slightly, and a warning that some older television sets might not work in a matter of weeks. The statistical week ends in Spain with the Labour Force Survey for the fourth quarter, from which we will get the current unemployment rate in Spain, as well as with the data on contributory pensions for January. Outside our borders, the main reference will be the PCE index for December in the US, as well as the GFK consumer confidence for February in Germany.
In Spain Today, parents will give evidence in a teacher abuse case, two people are arrested for defrauding olive farmers, and the sexual behaviour of stealthing reaches court. On a lighter note, after centuries being ignored, an awards ceremony will finally recognise a particular group, and there has been a huge increase in drone licences issued in Spain. Across Europe, today, we will find out the results on the IFO Survey in Germany, which will predictably show the fragile economic situation presented by the “European locomotive”, as we have been anticipating since last year. In addition, we will learn about the decisions taken by the ECB, where no changes are expected in official interest rates, but which will be relevant to project the economic path of the European continent.
