The recent earnings season in the European engine sector confirms the trend. These are times of suffering, due to internal issues from wrong decisions, halted investments, and the need to cut back, as well as Chinese competition that already accounts for around 10% of the market. With declining results, doubts have long been reflected in the stock market with sharp drops. In the year’s balance sheet, only Ferrari survives, overcoming even the controversy surrounding the launch of its first electric vehicle, the Luce.

The financial health of Spanish consumers suffers some setbacks when summer arrives. Consumer loans taken out in the months prior to the holiday period have grown strongly this year and have reached their highest level in two decades, only comparable to the times of the real estate bubble. The trend is an indication that a larger part of consumption is sustained by debt, despite the rise in interest rates.