Economic and social analysis of Zamora and province in the first quarter…

Economic and social analysis of Zamora and province in the first quarter…
Economic and social analysis of Zamora and province in the first quarter…

Inflation and Consumption

The first quarter of 2024 has brought with it a significant increase in the Consumer Price Index (CPI) in Zamora, reaching an index of 116.7 (base 2021), exceeding the regional average of Castilla y León, which stands at 115.6. This year-on-year increase of 3.2% is slightly higher than the regional 3.1%. The sectors most affected by this increase have been Restaurants and hotels, with an increase of 6%, and Alcoholic beverages and tobacco, with 4.3%. On the other hand, the Education sector experienced a slight drop of 0.5%.

Demographics of Zamora The province continues to face a significant demographic challenge. The provincial population has decreased by 0.3% in the last year, settling at 166,012 inhabitants. This decrease occurs despite a 12.5% ​​increase in the foreign population, as the population of Spanish nationality has decreased by 1%. The province shows a marked aging, with 32.4% of the population over 64 years old, surpassing the 16.7% of those under 25 years old.

Working market The labour market in Zamora has shown mixed signals. The active population has increased by 5.1%, reaching 76,400 people, with an activity rate of 51.9%, three points above the previous year, but still 1.8 points below the regional average. However, the unemployment rate has risen to 15.3%, a notable increase from 14.3% the previous year, with 11,700 unemployed in the province. Employment in sectors such as agriculture and industry has shown significant growth of 36.4% and 35.4%, respectively.

Business Fabric In 2023the number of active companies in Zamora fell by 6.4%, with 10,413 companies in operation, representing 7% of the regional total. Most of these are micro-enterprises, with 96.8% having no employees or less than ten employees. Despite this decline, companies in Zamora show a remarkable capacity for resilience.

Industry The industrial sector in Zamora has shown signs of growth. The number of industrial contribution centres increased by 1.8%, with 552 centres, which contrasts with the slight decrease of 0.3% at regional level. The number of workers affiliated in the industry has also grown by 2.7%, reaching 6,939, with a majority distribution in the general regime.

Domestic demand The consumption of petroleum products in Zamora has registered an increase of 2.3%, reaching 68,008 tonnes. This consumption represents 10% of the regional total, with 71.3% destined for automotive activities. In terms of vehicle registration, a decrease of 13.7% has been observed, with 449 new registrations, highlighting the 14.6% drop in passenger cars and 40% in motorcycles.

Construction and Housing The housing market in Zamora has experienced a 10.4% reduction in urban housing transactions, totalling 355. While sales of used homes decreased by 16.1%, new homes increased by 37.2%. Public works tenders fell sharply by 80%, reflecting significantly lower investment compared to the previous year.

Service sector The services sector has shown a slight decline in the number of quotation centreswith a decrease of 0.6%, totalling 5,082 centres. Despite this reduction, the number of affiliated workers has grown by 3.3%, reaching 41,760 people, with a significant increase of 4.4% in the general scheme.

Turismo The tourism sector has seen a slight improvement in the number of hotel establishmentswhich increased by 1.6%, although the supply of accommodation places fell by 1.2%. The number of staff hired in this sector has experienced a significant increase of 17.5%, reflecting an effort to improve services and attention to tourists.

Conclusion

Zamora faces a complex panorama with significant demographic and employment challenges. However, sectors such as industry and services show signs of resilience and growth. Inflation and the reduction of the business park are areas that require attention and specific strategies to promote sustainable and balanced development in the province. We remain as we were 30 years ago, without effective support policies.

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