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12 Jul The cases entered into the criminal jurisdiction of the peace courts of the Canary Islands decrease in the year 2023

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias En el año 2023 were entered 9.983 matters in the criminal jurisdiction in the peace courts of
Canarias, a 16% less than in the year 2022, and they were resolved 9.967 affairs. In civil jurisdiction
they entered 28.741 affairs, a 1% más que en el año anterior, and they were resolved 28.372 affairs.

Source:: Noticias Económicas de Canarias

      

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11 Jul Hotel and non-hotel occupancy rates expected for July, 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
your business during the third quarter of 2024 will be favorable, mientras que el 9,4% think it will be
unfavorable. However, only the 34,6% of managers of non-hotel establishments
considers that the progress of the business will be favorable compared to the 16,8% What do you think will be unfavorable?.

Regarding the trend of the main factors of the business climate for the third quarter
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, respectively in the investment, el 37% and the 49% in the price level and the
38% and the 42% in billing.

Regarding the trend in the occupancy rate for the third quarter, en relación a 2023, el 55%
of managers of hotel and non-hotel establishments consider that it will remain stable.

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% of the managers of the Canarian establishments consider that the progress of their
business will be favorable in the third quarter of 2024, mientras que el 14,8% think it will be
unfavorable. The balance of expectations, calculated as the difference between the percentage of
favorable and unfavorable responses, se sitúa en 9,2 puntos, slightly improving 9,0 of the
previous quarter.

Regarding the progress of its business in the second quarter of 2024, el 22,4% of the
management people have had a favorable opinion. Por otra parte, el 17,9% has given his opinion
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, business confidence regarding the second quarter of 2024 has increased a 4,5% in it
Iron and a 0,7% en La Gomera, while it has decreased 4,0% in Fuerteventura, a 3,8% en
Lanzarote, a 3,2% in Tenerife and a 2,8% in La Palma. Regarding sectors of activity, has gone up
a 1,4% en otros servicios (services sector except trade, transporte y hostelería), has been
kept constant (0,0%) in construction and has dropped 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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03 Jul Canary Islands received in May 1.252.271 tourists, a 10,38% more than in the same month of 2023

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias Tourists from the United Kingdom represented the largest number of entries (492.212), a
39,3% of the total number of tourists; followed by tourists residing in the rest of Spanish territory
(163.865), that represent the 13,1% of the total, and residents of Germany (157.874), contributing
a 12,6% of the total number of tourists received.

The island that received the largest number of tourists was Tenerife (528.408), seguida de Gran Canaria, con
294.006 tourists.

Source:: Noticias Económicas de Canarias

      

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02 Jul Registered unemployment drops by 1.604 people in the month of June

By Instituto Canario de Estadística, (ISTAC), del Gobierno de Canarias By sex and with respect to May 2024, Registered unemployment fell for both men and women. Por
age groups, Unemployment figures decreased in all groups, except for people of 60
or more years, where it increased slightly. In minors 25 years there was the greatest decrease
of unemployment, with a rate of change of -6%.

Registered unemployment fell in almost all the islands, except in La Gomera and La Palma, where he had a
slight increase in 1% on both islands. By economic sectors, registered unemployment fell in all
they. The group of people looking for their first job also decreased by around 1,1%.

Source:: Noticias Económicas de Canarias

      

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