Spain Tourist Arrivals Rise 39.9%

RTTNews | 1318 days ago
Spain Tourist Arrivals Rise 39.9%

(RTTNews) - Spain's visitor arrivals increased at a faster pace in December amid a recovery in domestic tourism from the pandemic related woes and due to the year-end holidays, data from the statistical office INE showed on Thursday.

Tourist arrivals climbed 39.9 percent year-on-year after a 29.2 percent rise in November.

The number of international tourists was 4.1 million in December, of which UK visitors accounted for the biggest share of 18.4 percent.

Spain welcomed 665,249 tourists from France, indicating a 25.4 percent increase compared to a year ago. Arrivals from Germany totaled 454,601, representing a 12.4 percent spike.

For the full year 2022, arrivals increased 129.5 percent to 71.6 million compared to 2021. The main countries of residence of tourists were the United Kingdom, France and Germany.

Read more: Spanish Economy Grows More Than Expected In Q4 Spain Retail Sales Rebound In December

"Spanish tourism experienced a solid recovery last year although the number of visitors was still only 86 percent of pre-Covid levels," Wouter Thierie, and economist at ING, said.

"A further recovery will support Spanish growth in 2023."

The economist expect the number of international visitors to Spain to grow by around 10 percent this year, mainly led by the Chinese tourists who are keen to travel again after pandemic restrictions are lifted.

According to the World Travel and Tourism Council, tourism contributed 14 percent to total GDP of Spain in 2019, thus it is a key sector for the economy.

Separate official data revealed that total expenditure made by international tourists visiting Spain in December reached EUR 5.241 billion, which represents a 48.2 percent surge compared to the same month last year.

The average daily expenditure incurred per tourist rose by 5.9 percent to EUR 1.2 million.

Data also showed that spending in 2022 totaled EUR 87.06 billion, which was 149.4 percent more than in 2021, but 5.3 percent less than in 2019.

Elsewhere on Thursday, the labor ministry reported that the number of jobless in Spain rose sharply in January, reflecting the usual trend of rising unemployment at the start of the year. Yet, the overall total of those without jobs was the lowest for the month since 2008.

The number of registered unemployed increased by 70,744 persons from December, data from the labor ministry showed Thursday.

The number of unemployed totaled 2.91 million, the lowest for the month of January since 2008.

read more
German Exports Fall For First Time In 6 Months

German Exports Fall For First Time In 6 Months

Germany's exports decreased for the first time in six months in July but the trade surplus increased more than expected due to the notable fall in imports, official data showed on Tuesday. Exports decreased 0.8 percent on a monthly basis in July, in contrast to the 0.9 percent increase in June, Destatis said.
RTTNews | 4 days ago
Eurozone Economic Growth Revised Up To 0.6%

Eurozone Economic Growth Revised Up To 0.6%

The euro area economy expanded more than initially estimated in the second quarter, underpinned by exports and consumer spending, revised data from Eurostat showed Monday. Gross domestic product grew 0.6 percent sequentially after remaining flat in the first quarter. The second quarter growth was revised up from 0.4 percent estimated previously.
RTTNews | 5 days ago
Eurozone Investor Confidence Strongest Since 2022

Eurozone Investor Confidence Strongest Since 2022

Eurozone investor sentiment rose for the fifth straight month in September, reaching its highest level since early 2022, survey data from the behavioral research institute Sentix showed Monday. The investor sentiment index climbed more-than-expected to 5.1 in September from 0.9 in August. The reading was seen at 2.1. The latest reading was the highest since February 2022.
RTTNews | 5 days ago
German Industrial Output Falls Most In 11 Months

German Industrial Output Falls Most In 11 Months

Germany's industrial output declined at the fastest pace in almost a year in July, largely reflecting a multi-week production shutdown in the automotive industry, official data revealed Monday. Industrial production fell 1.1 percent on a monthly basis in July after remaining flat in June. This was the biggest decline since last August, when output was down 2.1 percent.
RTTNews | 5 days ago
German Factory Orders Growth Beats Expectations

German Factory Orders Growth Beats Expectations

Germany's factory orders grew more than expected in July, reflecting the strong order growth in the manufacture of ships, railway rolling stock and aircraft, official data revealed Friday. Factory orders increased 2.5 percent on a monthly basis in July but slower than the revised 3.7 percent expansion seen in June. Orders were expected to rise 0.3 percent.
RTTNews | 8 days ago
Eurozone Private Sector Logs Robust Growth

Eurozone Private Sector Logs Robust Growth

The euro area private sector posted robust growth in August as the industrial economy gained momentum and services activity expanded for a second consecutive month, final survey data from S&P Global showed Thursday. The final composite output index posted 52.0 in August, unchanged from July's eight-month high and slightly down from the flash score of 52.1.
RTTNews | 9 days ago
Eurozone Manufacturing Growth Fastest Since 2022

Eurozone Manufacturing Growth Fastest Since 2022

The euro area manufacturing sector expanded at the strongest pace since 2022 in August, final data from S&P Global showed on Tuesday. The manufacturing Purchasing Managers' Index hit a 51-month high of 52.7 in August from 51.9 in July. The reading was slightly down from the flash estimate of 52.8. Both factory output and incoming new orders increased at their fastest rates since early-2022.
RTTNews | 11 days ago