Spain immigration focus on doing business in Spain: The National Statistics Institute of Spain announced that preliminary figures show the economy grew by 1% quarter-on-quarter in the second quarter, marking the fastest growth rate in seven years and aligning with earlier forecasts by cabinet members and the central bank. On a year-on-year basis, the growth rate for the second quarter was 3.1%, primarily driven by domestic demand and increased hiring ahead of the peak summer tourism season.
In addition, Spain's inflation rate remains stable. Following no year-on-year change in June, the Harmonised Index of Consumer Prices (HICP), commonly used by the European Union, fell by 0.1% in July. The National Statistics Institute noted that energy prices have pushed down consumer prices, but consumer demand is rising steadily.