Can a food good, even if famous and known throughout the world and a symbol of Iberian excellence, represent a macro-level indicator of a country's economic performance? The answer is yes. We are talking about the most precious Jamon Serrano, ham that is sold at prices that are anything but modest, consistent with the absolute quality of the product.
Obviously the first consumers of Serrano are the Spaniards themselves. The price of ham, a commodity rather than a rare good, has increased by 40% compared to 2016. Euphoria yes, but with constant monitoring of the market. An increase of this kind worries analysts, who fear the bursting of a new speculative bubble, this time less conventional than those of the past.
The signs of economic recovery therefore do not only concern Italy. Spain also seems to have further strengthened its growth path from a macro point of view, with the most important industrial sectors recording significant results in terms of productivity and sales.
Among these, the best seems to be thereal estate: with around 465 sales contracts in 2017 (+15% compared to the previous year), the Spanish market has reached the precise levels, and prices have grown by 7,6%. Of course, compared to the record of +21% reached in 2007 – when the real estate market bubble exploded in the wake of the American crisis – there is still a long way to go, but everything points to an imminent recovery.
The economy and its indicators vary constantly, and even the analysis of the trend of a food commodity can be crucial to keeping market drifts at bay. With the hope that our San Daniele won't stop our recovery.
