Affiliates of foreign companies generate 21.6% of total turnover for Industry and Services in 2008

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1 22 September 2010 Inward FATS in Spain Year 2008 Affiliates of foreign generate 21.6 turnover for Industry and Services in 2008 France, Germany and the United States control more than 40% of the total affiliates and more than half of their turnover Today, for the first time, the National Statistics Institute (INE) is publishing the Inward FATS in Spain, which integrates information from the sectors of Industry and Services. According to these statistics, 7,033 affiliates of foreign were accounted for in the sectors of Industry and Services in the year 2008, representing 0.3% of the total in Spain. Turnover generated by the affiliates of foreign reached 386,648 million euros, 21.6% of the total. In terms of employment, 1,202,472 persons worked in these affiliates, that is, 10.8% of the total employed persons. 39.7% of the affiliate studied in 2008 belonged to the Trade sector, 35.9% to the rest of the Services sector and 24.4% to Industry. Number of affiliates of foreign by activity sector Affiliate affiliates Sector Industry 1, % 1.2% Trade 2, % 0.4% Services 2, % 0.2% Total 7, % 0.3% The affiliates with the greatest weight in total turnover for their sector were those in Industry (27.6%), followed by those in Trade (19.9%) and Services (15.6%). Turnover by activity sector (in millions of euros) Turnover Sector affiliates Industry 173, % 27.6% Trade 146, % 19.9% Services 66, % 15.6% Total 386, % 21.6% 1

2 Results by branch of activity The branches of activity with the highest number of affiliates of foreign in the year 2008 were the two activities corresponding to Wholesale trade (28.4% of the total) and Professional, scientific and technical activities (9.4%). From the employment perspective, the branches of activity with the most employed personnel were Administrative and support service activities (19.6%), Retail trade of food, fuel and ICT equipment (10.0%) and Transport material (9.8%). By turnover, the branches that contributed the highest percentage to the total were Transport material (13.6%), Wholesale trade of machinery and equipment and others (11.3%) and Wholesale trade of agrarian, food and household use products (10.1%). Conversely, the branches with the smallest contribution were Textile, manufacture, leather and footwear (0.3%), Trade intermediaries (0.3%) and Real estate activities (0.4%). Main results by branch of activity (economic figures in millions of euros) Branch of activity Affiliate Employed persons Turnover Industry Industries of mining and quarrying, energy, water and waste 92 9,561 28,627 Food, beverages and tobacco ,118 18,182 Textile, manufacture, leather and footwear 62 6,150 1,095 Wood and cork, paper and graphic arts ,102 4,099 Chemical and pharmaceutical industry ,816 19,038 Rubber and plastic materials ,519 8,038 Different non-metallic mineral products 78 17,627 5,109 Metallurgy and manufacture of metallic products ,570 16,264 Electrical, electronic and optical material and equipment ,693 13,048 Mechanical machinery and equipment ,694 6,182 Transport material ,644 52,726 Different manufacturing industries 57 7,863 1,484 Trade Sale and repair of motor vehicles and motorcycles ,895 24,926 Trade intermediaries 342 9,113 1,312 Wholesale trade of agrarian, food and household use products ,128 39,017 Wholesale trade of machinery and equipment and others 1,179 58,254 43,678 Retail trade of food, fuel and ICT equipment ,706 28,220 Other retail trade ,521 9,145 Services Transport ,085 4,181 Storage and activities linked to transport ,690 4,802 Accommodation ,897 2,507 Publishing, film, radio, television and telecommunications ,329 16,998 Computer programming and information services ,801 10,020 Real estate activities 461 4,159 1,475 Professional, scientific and technical activities ,000 14,248 Administrative and support service activities ,535 12,227 Total 7,033 1,202, ,648 2

3 Regarding the weight of the affiliates of foreign in each branch of activity, worth noting was that in Transport material, 71.7 turnover was generated by affiliate. The branches of activity in which turnover of the affiliates implied a higher percentage, as compared with turnover generated by the total in each activity, were the following: Main branches of activity by turnover of the affiliates Transport material Computer programming and information services Electrical, electronic and optical material and equipment Rubber and plastic materials Chemical and pharmaceutical industry Sale and repair of motor vehicles and motorcycles Publishing, film, radio, television and telecommunications Mechanical machinery and equipment Trade intermediaries Wholesale trade of machinery and equipment and others 42.0% 39.6% 37.5% 36.0% 29.3% 27.5% 25.9% 24.1% 22.1% 71.7% In turn, the branches of activity with the least contribution (in terms of turnover) of the affiliate were Different manufacturing industries, Other retail trade, Real estate activities, Textile, manufacture, leather and footwear, Transport and Accommodation. In all of them, the weight of the affiliate was less than 10% of the total. Results by geographical area of the parent 61.9% of the that controlled affiliates in 2008 were located in the Eurozone. By economic sector, in the Eurozone, there were 69.2% of the foreign that controlled industrial affiliates, 61.7% of those that controlled affiliates in the Trade sector and 57.1% of those corresponding to the rest of the Services sector. Number of affiliates of foreign by geographical area and activity sector Geographical area Industry Trade Services Total Eurozone 1,189 1,723 1,442 4,354 Rest of the European Union Rest of Europe America Rest of the World Total 1,717 2,793 2,524 7,033 3

4 By turnover, the affiliates of from countries in the Eurozone generated 63.4% of total turnover for the affiliates during the year The affiliates of European together accounted for 80.4 turnover, the affiliates of American, 14.9%, and affiliates of from the rest of the world, 4.7%. Results by country of the parent The 10 countries with the greatest number of affiliates and turnover in Spain accounted for 84.9% of the total affiliates and 90.6 turnover generated by them in the year By country, those that generated the greatest turnover with their affiliates were France (25.1%), Germany (14.4%) and the United States (13.5%). In turn, those that provided the greatest number of were France (16.1%), Germany (15.9%) and the Netherlands (11.7%). Main countries by turnover and number of affiliates France Germany United States Netherlands United Kingdom Italy Luxembourg Switzerland Japan Portugal 5.3% 4.3% 3.1% 4.2% 5.0% 3.4% 2.4% 1.8% 2.8% 16.1% 14.4% 15.9% 13.5% 10.8% 9.5% 11.7% 9.1% 9.3% 7.8% 25.1% % Turnover % Number of In terms of added, the affiliates of French contributed the most to the total generated by foreign affiliates (20.5%), followed by American (15.6%) and German (14.0%). By sector, France was the main investor in Industry and Trade, and the United Kingdom in Services. Main investing countries by activity sector and added First investor Second investor Third investor Activity sector Industry France 18.9% United States 15.7% Germany 14.1% Trade France 27.5% Germany 18.5% United States 16.6% Services United Kingdom 22.0% France 17.3% United States 14.8% Total France 20.5% United States 15.6% Germany 14.0% 4

5 Methodological note The Statistics on Affiliates of Foreign Companies in Spain (Inward FATS) offer information regarding the main economic variables of the affiliates of foreign that operate in the sectors of industry, trade and the rest of the non-financial market services. The scope of this survey includes those affiliate whose main activity is included in sections B to E, G to J and L to N of the National Classification of Economic Activities in force (CNAE-09). This survey fulfils, in this area, (EC) Regulation no. 716/2007 of the European Parliament and Council, of 20 June 2007, regarding the community statistics on the structure and activity of foreign affiliates. Affiliates of foreign are considered to be those located in Spain that are controlled by a non-resident institutional unit or. To this end, control is understood to be the ability to determine the general policy of the. One unit controls another, when it directly or indirectly possesses more than half of the shareholders' vote, or more than half of the shares; nevertheless, at times, this ability to control may be made effective through a minority control, that is, without the need to possess half of the shares or of the votes (for example, if the percentage, even below 50%, is greater than that of any other owner). In accordance with the methodology established by the European regulation on affiliates statistics, the criterion applied in this survey to determine the that controls each affiliate is that of the final owner. The final owner of a foreign affiliate is considered to be that institutional unit or that, proceeding hierarchically upwards along the chain of control of said affiliate, exercises control over itself, not being controlled, in turn, by any other unit. This statistical operation provides information regarding the main variables, broken down both by the activity, size or Autonomous Community of the affiliate, and by the country or geographical area of the parent (final owner). In order to enrich the dissemination of this survey and favour the comparative analysis of the results thereof, we also present, aside from the specific data regarding affiliates provided by the survey, additional data regarding the percentage represented by the results of the affiliate, as compared with the total. This additional data has been obtained from the corresponding structural surveys of each sector: The Industrial Companies Survey, whose object of study is the group of industrial with one or more paid employed persons, the Annual Trade Survey and the Annual Services Survey, orientated towards the research of those whose main activity belongs to the areas of trade and of nonfinancial market services, respectively. For further information see INEbase- All press releases at: Press Office: Telephone numbers: / Fax: gprensa@ine.es Information Area: Telephone number: Fax: