AGP Executive Report
Last update: 2 hours agoTransport Shake-up: Economy Minister Carlos Cuerpo will temporarily take over the Transport Ministry after Óscar Puente resigned following two rail disasters that killed 115 people; Madrid–Andalusia services are set to reopen with reduced frequencies. Jobs: Social Security added a record 186,612 contributors in October, lifting employment to 22.62 million, while registered unemployment rose by 43,128, mainly in services, but remained at its lowest October level since 2007. Business Climate: Spain’s services PMI eased to 57.2 from 58.3, still signalling solid growth; hiring remained strong, though energy and transport costs pushed input-price inflation to its highest since March. Energy Regulation: The CNMC is investigating a Spanish energy group over possible discriminatory practices and abuse of dominance; no company has been named. Tourism: Costa del Sol expects 5% fewer UK flight seats over the next six months and is targeting longer, higher-spending stays; British visitors are forecast to generate €4.629 billion in tourism revenue this year. Startups: Former Glovo employees have founded 35 startups valued at a combined €461 million, according to new research.
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