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null The First Green Shoots... Are They Sustainable?

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The First Green Shoots... Are They Sustainable?
06 Jun 2020
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Clock 40 mins.
CATEGORIES: AER Premium Spain US Europe China Macro Global Coronavirus
ANALYSTS:
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Leopoldo Torralba
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Ignacio de la Torre
Recently released activity data gives us a glimpse of what is happening in Spain in the first stage of the de-confinement process. We have analysed a host of diverse data, trying to capture the main underlying trends. We study traditional and alternative data on economic activity in May, both for Spain and other relevant countries (China, USA and Europe), incorporating indicators from the real estate sector.
dot What is our vision regarding the accuracy of the latest data?
dot What are the main green shoots observed in Spain?
dot What are the main upside and downside risks moving forward?

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