New data Tourist Arrivals YoY (Sep)

10/31/2024

actual 9.1, previous 7.3

The event is "Tourist Arrivals YoY (Year-over-Year) for September" in Spain. The actual value reported is 9.1%, which is higher than the previous value of 7.3%. This indicates a 1.8% increase in tourist arrivals compared to the previous period. The market estimate was 7%, so the actual value exceeded expectations.

This event is considered to have a low impact on the market, as it is not a major economic indicator. However, an increase in tourist arrivals can have positive effects on the economy, particularly in sectors such as hospitality, transportation, and retail.

Overall, the higher-than-expected growth in tourist arrivals in Spain for September could be seen as a positive sign for the country's tourism industry and economy.

This is not investment advice. Remember to verify the information provided here.