Spanish economy becomes more competitive in 2019
Written by on May 14, 2019
The Spanish economy has improved its price competitiveness in the first quarter of 2019, according to the latest government data released this week.
According to the Competitiveness Trend Index (ITC) calculated with the Consumer Price Index (CPI), the price competitiveness of the economy improved when compared to the OECD countries and those of the euro zone.
The economy became 0.3% more price competitive compared to the rest of the EU, as the cost of living fell, whilst the economic performance continued to rise.