VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
Business... at a glance January 2021
1. 0
10
20
30
40
50
60
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Manufacturing PMI
Services PMI
-80
-60
-40
-20
0
20
40
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Created companies
Dissolved companies
-2
-1
0
1
2
3
Feb-18
Apr-18
Jun-18
Aug-18
Oct-18
Dec-18
Feb-19
Apr-19
Jun-19
Aug-19
Oct-19
Dec-19
Feb-20
Apr-20
Jun-20
Aug-20
Oct-20
Dec-20
MercantileCompanies,Spain
In November 2020, 7,339 businesses were
incorporated, an increase of 0.1% year-on-
year (compared to -7.9% in October). The
capital subscribed increased 14.6% year-
on-year to more than €367 million.
For its part, the number of dissolved
companies (2,062) grew 4% year-on-year
(compared to -8.8% in October).
By activity, most of the businesses formed
were from the retail sector (23.4% of the
total) and real estate, financial and
insurance activities (15.7%). Among the
businesses dissolved, 19.9% were from the
industrial and energy sectors, and 19.7%
were retail.
By Autonomous Community, the most
dynamicareasintermsofbusinesscreation
were Cantabria (59.5% year-on-year) and
Castilla La Mancha (19.5%).
On the other hand, the worst figures in
terms of increases forbusiness dissolutions
were registered in Extremadura (33.3%
year-on-year) and Madrid (18.8%).
PMI,Spain
In December 2020, the manufacturing
PMI (Purchasing Managers’ Index)
reached 51 points (compared to 49.8
points in November). This increase is
due to the slight upturn in external
demand, despite weakening internal
demand and production, and a slight fall
in new orders.
For its part, the services PMI improved,
rising to 48 points (compared to 39.5
points in November), but remained in a
downswing (below 50 points).
This is due to the impact on certain
sectors of the new restrictions to control
the spread of Covid-19 and the decrease
in the number of new orders received.
HICP,Spain
In December 2020, the HICP
(Harmonized Index of Consumer
Prices) fell 0.6% year-on-year (0.8% in
November), accumulating 9 months in
negative terrain. The monthly upturn is
a result of the increase in prices for
electricity and heating oil, and fuel and
lubricants for personal transport.
Business…
at a glance January 2021
HICP, Spain
YoY change (%)
v
Source: Círculo de Empresarios based on IHS Markit, 2021.
Manufacturing and services PMI, Spain
Points
Created and dissolved companies, Spain
YoY change (%)
Source: Círculo de Empresarios based on INE, 2021.
Source: Círculo de Empresarios based on INE, 2021.
Note: 50=threshold (values >50 indicate expansion).
2. ‘Economy at a glance’, a publication of the Círculo de Empresarios produced by its Department of the Economy, contains information and opinion from reliable sources. However,
the Círculo de Empresarios does not guarantee its accuracy and does not take responsibility for any errors or omissions. This document is merely informative. As a result, the Círculo
de Empresarios is not responsible for any uses that may be made of the publication. The opinions and estimates of the Department can be modified without prior warning.
www.circulodeempresarios.org
-2.1
-13.6
-29.8
-21.2
-12
-6.9 -6.5 -6.4
-3.4
-0.6
-30
-25
-20
-15
-10
-5
0
0
20
40
60
80
100
120
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
YoY change % (right axis)
Index (left axis)
2.3
-2
0
2
4
6
8
10
12
14
16
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2020
Q1: -6.8%
Q2: 3.2%
Q3: 4.9%
Q4: 6.5%
Direct payments to individuals $1,400 additional per person
Direct family assistance $2,000-$3,600 per family
Increases to unemployment benefits $400 per week
Small business financing $50 billion in total
State and local government
emergency funds
$390 billion in total
Vaccination plan $160 billion in total
Educational assistance $195 billion in total
Rent assistance $30 billion in total
Industrial prod., Eurozone
Between March and November 2020,
industrial production in the Eurozone
registered a year-on-year average decrease
of 11.2%. The worst data corresponds to
March, April and May (-13.6%, -29.8% and
-21.2%, respectively).
In November, there was a decrease of 0.6%
with respect to the same month in the
previous year. By type, capital and
intermediate goods registered increases of
0.1% and 1.1% respectively. On the other
hand, energy production fell 5%, followed
by non-durable consumer goods (-2.5%)
and consumer durables (-0.4%).
By countries, the biggest increases were
registered in Ireland (40.8%) and Greece
(8.8%), while those with the biggest
decreases were France (-4.9%) and Italy
(-4.2%).
GDP, China
After year-on-year growth of 6.5% in Q4
2020, China ends the year with an
annual growth rate of 2.3%. This is its
lowest increase since 1976, although
within a context of world economic
contraction.
By sectors, the primary sector grew 3%
yearly, followed by industry (2.6%) and
services (2.1%).
For its part, retail sales fell 3.9% yearly in
both rural areas (-3.2%) and urban
districts (-4%), despite the 4.6%
increase in Q4 2020.
On the other hand, industrial
production rose 2.8% last year primarily
boosted by the manufacturing sector
(+3.4% mostly technological goods,
+7.1% and capital goods, +6.6%).
Mining rose 0.5% and the energy sector
by 2%. State-owned company
production grew 2.2% and that of
private companies by 3.7%.
Rescue plan, US
America’s president elect, Joe Biden, has
announced a new two-step plan to
reduce the impact of the pandemic and
boost American economic recovery. The
first step, the “rescue plan”, will build on
the stimulus plan approved in 2020
($2.2 trillion in March and $900 billion
in December) and reach a total of $1.9
trillion. It contemplates more assistance
for individuals, families and small
businesses, and state and local
governments, as well as more funds to
finance the distribution of vaccinations
and Covid-19 detection tests.
The second step, the “recovery plan” will
be centered on the implementation of
more long-term measures, with
investment in infrastructure, clean
energy, health and education.
Source: Círculo de Empresarios based on Eurostat, 2021.
Source: Círculo de Empresarios based on IMF and Chinese Statistical
Office, 2021.
Evolution of GDP, China
YoY change (%)
Industrial production, Eurozone
YoY change (%) and Index 2015=100
Source: Círculo de Empresarios based on Tax Foundation, 2021.
A few of the rescue plan measures.