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MYR ASESORES | Blog
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12 Jul The number of work accidents resulting in sick leave in the Canary Islands is at 11.547 so far this year

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias By economic sectors, The number of accidents during work hours so far this year was 408
in agriculture, 711 en industria, 1.349 under construction and 7.527 in the service sector. In respect of
mayo de 2023, There is a decrease in the number of accidents in agriculture and construction,
while they rose in industry and services.

The monthly incidence rate is 224,83 for accidents with sick leave during the working day and 0,18 para
fatal accidents. By economic sectors, el índice es mayor en construcción (454,45), seguido
de agricultura (418,29), industry (350,51) and services (195,58).

Source:: Noticias Económicas de Canarias

      

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12 Jul La variación anual del IPC en Canarias se sitúa en el 3,1% en junio de 2024

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias Oils and fats (38,8%), sheep meat (19,9%) y las frutas frescas (10,7%) they meet
dentro de los bienes y servicios más inflacionistas. Por otra parte, se han producido descensos del
6,9% in clothing accessories and repairs, of the 3,9% en calzado de mujer y del 3,4% en
electrodomésticos y sus reparaciones.

La tasa de variación mensual de junio tomó en Canarias el valor 0,3%, placing the variation in
what's going on this year 2,0%. Por otra parte, the annual rate of the general index without food does not
processed or energy products (core inflation) take the value 2,7%, being a tenth
inferior al registrado en mayo (2,8%). At the state level this rate reaches 3,0%.

Source:: Noticias Económicas de Canarias

      

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12 Jul Disminuyen los asuntos ingresados en la jurisdicción penal de los juzgados de paz de Canarias en el año 2023

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias En el año 2023 se ingresaron 9.983 asuntos en la jurisdicción penal en los juzgados de paz de
Canarias, a 16% menos que en el año 2022, y se resolvieron 9.967 asuntos. En la jurisdicción civil
entraron 28.741 asuntos, a 1% más que en el año anterior, y se resolvieron 28.372 asuntos.

Source:: Noticias Económicas de Canarias

      

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11 Jul Los índices de ocupación hotelera y extrahotelera esperados para julio, agosto y septiembre son 78%, 78% and the 73% and 69%, 73% and 65% respectivamente.

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias El 51,74% of the managers of hotel establishments in the Canary Islands consider that the progress of
su negocio durante el tercer trimestre de 2024 will be favorable, mientras que el 9,4% think it will be
unfavorable. However, solo el 34,6% of managers of non-hotel establishments
considera que la marcha del negocio será favorable frente al 16,8% What do you think will be unfavorable?.

Respecto a la tendencia de los principales factores del clima empresarial para el tercer trimestre
de 2024, in relation to the previous quarter, in general, managers of hotel establishments and
non-hotel owners consider that they will maintain stable, siendo el 53% and the 76%, respectivamente, en el
employment, el 24% and the 75, respectivamente en la inversión, el 37% and the 49% in the price level and the
38% and the 42% in billing.

Respecto a la tendencia del grado de ocupación para el tercer trimestre, en relación a 2023, el 55%
de los gestores de establecimientos hoteleros y extrahoteleros considera que se mantendrá estable.

Source:: Noticias Económicas de Canarias

      

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11 Jul La confianza empresarial en Canarias registra en el tercer trimestre de 2024 a decrease of 2,5% with respect to the previous

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias El 24,0% de las personas gestoras de los establecimientos canarios considera que la marcha de su
negocio será favorable en el tercer trimestre de 2024, mientras que el 14,8% piensa que será
unfavorable. El balance de expectativas, calculado como la diferencia entre el porcentaje de
respuestas favorables y desfavorables, se sitúa en 9,2 puntos, mejorando levemente los 9,0 of the
trimestre anterior.

En lo que respecta a la marcha de su negocio en el segundo trimestre de 2024, el 22,4% of the
personas gestoras ha tenido una opinión favorable. Por otra parte, el 17,9% ha opinado de forma
unfavorable, lo que hace que el balance de situación, calculado análogamente al de expectativas,
tome el valor 4,5, empeorando los 15,0 puntos del trimestre anterior.

Por islas, la confianza empresarial respecto al segundo trimestre de 2024 has increased a 4,5% en El
Hierro y un 0,7% en La Gomera, while it has decreased 4,0% in Fuerteventura, a 3,8% en
Lanzarote, a 3,2% en Tenerife y un 2,8% in La Palma. En cuanto a sectores de actividad, ha subido
a 1,4% en otros servicios (sector servicios salvo comercio, transporte y hostelería), se ha
mantenido constante (0,0%) en la construcción y ha bajado un 8,7% in transportation and hospitality, a
1,7% in commerce and a 1,1% in the industry.

Source:: Noticias Económicas de Canarias

      

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04 Jul The price of food and drinks, slightly higher in the Canary Islands than in the rest of Spain

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias This operation, for which a massive analysis of online sales prices has been carried out, covers
an important gap in statistical information of the autonomous community of the Canary Islands, upon obtaining
an indicator of the difference in levels of these prices between the archipelago and the rest of the country.
This group of products represents approximately 20,2% in the average annual expenditure of an average family
in the Canary Islands and a 19% for the national total.

Of the more than 300 products included in the sample, food was a 1,03% more expensive in
Canary Islands than in the rest of the country in 2022, and non-alcoholic beverages, a 0,86%; while the
alcoholic beverages were a 2,70% cheaper.

Comparison without value added taxes

However, if the price data is analyzed by eliminating the General Indirect Tax
Canary (IGIC) for the Canary Islands and the Value Added Tax (IVA) for the rest of Spain, se
notes that the price of food and drinks on the islands is a 7,55% higher than the rest
of the country.

In the same way, if we eliminate the IGIC and VAT for the products included in the sample, los
foods were a 7,04% more expensive in the Canary Islands than in the rest of the country, the drinks don't
alcoholic, a 12,71%; and alcoholic beverages were a 8,72% masks.

This studio offers products that are subject to different tax rates, both IGIC and VAT.
Así, de los 314 products considered, for the year 2022, 134 they have type 0% in the IGIC, 67 of these
with type 4% VAT and others 67 with type 10% VAT. Un total de 146 products are taxed with the
3% by IGIC, 136 al 10% VAT and 10 al 21%. With the type of 7% of IGIC are contemplated 24 products,
all at 21% del IVA. Finally, los 10 Remaining products are subject to 15% from IGIC and 21% de
IVA.

The comparative study analyzes the annual evolution of prices since 2013 hasta 2022 for chains
of supermarkets that have offered online purchases of their products through their websites.

Throughout those nine years, The statistical operation observes that the difference in prices between
both areas has been progressively reduced, especially from 2016. However, yes
They observe prices without the application of VAT and IGIC, this evolution is different, since they have been
produced slight increases throughout these years, except in 2022.

Massive data analysis

For this study, The selected products have been accessed through the massive analysis of the
online sales prices. This use of massive databases ( big data ) as source
alternative and complementary to the traditional obtaining of information reduces costs, taking into account
take into account the enormous effort that would be involved in obtaining a similar amount of information by collecting the
data on site .

These products are part of the first two groups of the classification of goods and services.
United Nations ECOICOP: food and non-alcoholic beverages, and alcoholic beverages and tobacco.
However, the study does not include tobacco, since Spanish legislation prohibits its sale in
line; and fresh meats, since difficulties were detected in finding a minimum amount of
articles suitable for price comparison.

For each product, different types of items are detailed, as they are presented for sale in
supermarkets, so that, por ejemplo, en 2022 the total number of items that have entered the
study amounts to approximately 6.500. A su vez, For each item, prices are available in each
zip code and for each supermarket chain, so that the total volume of data for 2022
alcanzó los 235 millions of records.

The prices captured in this statistic using the web scraping technique have been commercialized
by the Alcampo supermarket chains, Caprabo, Carrefour, conditions, The English Court, THERE,
buy it, Hypercor, Hiperdino, Mercadona and Tutrébol.

To select the type of products included in the analysis, ISTAC took as reference the
list of products used by the European Statistical Office (Eurostat) and the Organization
for Economic Cooperation and Development (OCDE) for the calculation of Power Parities
Purchasing (PPA) by country internationally. He also resorted to the Methodology for
calculation of Purchasing Power Parities of the National Institute of Statistics (INE).

Improved comparison between islands

Desde 2003, ISTAC has another price comparison operation, in this case, islanders, a
through the operation of Purchasing Power Parities in the Canary Islands, which develops through
surveys.

With the incorporation of this new operation that is presented today, which is developed with techniques of
massive data analysis, ISTAC is studying updating the insular methodology to
generate a mixed methodology, that incorporates massive data analysis and maintains surveys
for areas and establishments that do not offer their product sales online.

Source:: Noticias Económicas de Canarias

      

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