What has happened to the companies' margins? Energy fills pockets, tourism re...

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Everyone knows that household pockets have ended up being holed by the price crisis. But what has happened to the companies' pockets? In the last 2 years, there are companies that have not yet managed to recover what they lost due to the impact of the COVID-19 crisis and the economic consequences of the war . But there are also those that have managed to skyrocket margins to levels never seen before . This week the Government presented its Observatory of business margins , a document prepared by the Ministry of Economy in collaboration with the Bank of Spain and the Tax Agency, which allows measuring for the first time how much the margins of Spanish companies increase or decrease.

The data reflect the heterogeneity of Spain's reality by sector," explained the Secretary of State for the Economy, Gonzalo García Andrés , in the presentation of the report, although most sectors have already recovered margin levels close to those they had. before the pandemic. Basically, while the energy sector or banking have managed to increase margins to Australia Phone Number List significantly high levels, tourism and hospitality have barely recovered what they lost during the pandemic, and food has been left behind. Although 2020 resulted in a blow to the balance sheets of companies in most sectors, it also marked a before and after: from that moment on there were winners and losers during the COVID-19 crisis, and later, when inflation It set the economy on fire.



Here were companies that rode the wave of prices, and others that ended up in water up to their necks . Why business margins rise in the middle of the crisis and your salary does not illustration wages inflation economy The data from the observatory represents 75% of Spanish companies in terms of production, although they do not collect data from individuals or self-employed workers (only entities). Furthermore, the observatory does not collect data on bank margins , partly because the financial sector does not have VAT, and because the accounting of operations in the Corporate Tax of financial entities is done with different rules than other companies.