Corporate Profit Margins Expected to Exceed 13% This Year

During the second quarter of this year, the profit margins of Spanish enterprises continued to increase, reaching 13.6% compared to 12.9% the previous year. This growth has been fuelled by economic stability and a reduction in energy expenses. In the Canary Islands, the strength of economic activities can be attributed to tourism. However, the low productivity reported by employers over recent months significantly lags behind the 13.5% ratio anticipated for the nation as a whole.