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
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.