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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Tourist Arrivals climbed to 2,216K in July 2021
FMPMonthlyReleased August 2021
Spain Tourist Arrivals climbed to 2,216K in July 2021, released August 2021, up 852.4K from June's 1,363.6K reading.
Latest Release
2216.000000
Actual
—
Consensus
1363.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Bullish EU | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Tourist Arrivals (Spain) was reported at 2,216 thousand in August 2021. The reading rose from the previous value of 1,364 thousand.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 23) and Gross Domestic Product QoQ (Jun 25).
Auto-generated from current model state · Refreshes on each release · Last update August 2021.
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Tourist Arrivals - ES
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About Tourist Arrivals — Spain
DEFINITION
Tourist Arrivals is a financial indicator that measures the number of visitors entering a country for leisure or business purposes. It provides valuable insights into the health of a country's tourism industry and its overall economic performance. This indicator is often used by governments, businesses, and investors to make informed decisions and assess the potential impact of tourism on a country's economy. A high number of tourist arrivals can indicate a strong and thriving tourism sector, while a decline may signal potential challenges or opportunities for growth.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2021): actual 2,216 K.