Sales of Spanish companies accelerate in the second quarter due to improvement in exports
Wages grew by 3.5% between April and June in large companies and SMEs, in line with the rebound in inflation, according to the Tax Agency.
The tailwind driving the Spanish economy is reflected in the data from the business fabric. Sales of large companies and SMEs accelerated in the second quarter and recorded a year-on-year increase of 3.4%, an improvement of more than one point compared to the beginning of the year. Investment and exports have been the main protagonists of this jump.
Foreign sales rebounded by 3.8%, the best figure since the first quarter of 2023, which also leaves behind the negative growth recorded between January and March. Job creation also maintained its pulse and salaries continued to progress by 3.5%, in line with inflation, although in the largest companies the wage increase fell short (2.5%).
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
