Spain Pulls Ahead Of The Periphery
Peripheral Eurozone countries have taken the brunt of the crisis over the last few years, requiring successive bailouts and garnering the derisive nickname PIGS (for Portugal, Italy, Greece and Spain). Spain has managed to keep inflation in line with the rest of Europe and manufacturing profits higher than the periphery, mostly on the back of cheap labor, though Societe Generale analyst Herve Amourda warns that the situation may not last long.
Profit margins improved materially in Spain
exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible