Foreign trade Spain Corporate turnover Spain Construction production Eurozone Foreign trade EU Corporatedebt in Asia

1. Business…
at a glance
May 2023
-2.8
10.3
-5
0
5
10
15
20
25
30
35
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-23
Mar-23
monthly
y-o-y
Sep.21 – Feb. 23 Mar.23
Foreign trade Spain (M. Industry, Trade and Tourism)
Corporate turnover Spain (INE)
Mar. 23*
monthly
0.0%
y-o-y
+7.2%
Q1 23
Exports
€102.7 bn
y-o-y
+14.6%
Imports
€109.3 bn
y-o-y
+4.0%
Trade deficit
€6.6 bn
bn €
Top 5 fastest growing sectors
-57,3%
y-o-y
bn €
% y-o-y change
% change By sectors
% y-o-y change
In the industry ...
* Current data,
adjusted for seasonal
and calendar effects
monthly
-2.8%
y-o-y
+10.3%
% change By regions*
7.2
4
8
12
16
20
24
28
32
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-23
Mar-23
50
70
90
110
Q1
14
Q1
15
Q1
16
Q1
17
Q1
18
Q1
19
Q1
20
Q1
21
Q1
22
Q1
23
Imports
Exports
% y-o-y change
** Original series
National average

2. Business… at a glance. a publication of the “Círculo de Empresarios” produced by its Department of Economy. contains information and opinion from reliable sources. However. the “Círculo de
Empresarios” does not guarantee its accuracy and does not take responsibility for any errors or omissions. This document is merely informative. As a result. the “Círculo de Empresarios” is not responsible
for any uses that may be made of the publication. The opinions and estimates of the Department can be modified without prior warning.
16,8
14,0
31,1
28,0
25,8
22,7
18,3
13,3
3,3
22,1
15,8
7,8
6,6
6,3
33,2
29,5
32,6
23,3
20,2
30,2
18,3
56,2
74,8
24,1
17,3
55,4
18,8
27,1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
World
Asia
India
Thailand
China
Indonesia
Vietnam
Malaysia
Philipines
South Korea
Japan
Hong Hong
Singapore
Australia
<1 1-4 4
-1.9
-200
-160
-120
-80
-40
0
40
80
Q1
19
Q2
19
Q3
19
Q4
19
Q1
20
Q2
20
Q3
20
Q4
20
Q1
21
Q2
21
Q3
21
Q4
21
Q1
22
Q2
22
Q3
22
Q4
22
Q1
23
Total
Energy
Construction production Eurozone (Eurostat)
Mar. 23 % y-o-y change
y-o-y
-1.5%
Civilengineering
y-o-y
-2.2%
Buildings
y-o-y
-1.3%
% y-o-y change
Foreign trade EU (Eurostat)
CorporatedebtinAsia(IMF)
Q1 23
Exports
y-o-y
+8.3%
Imports
y-o-y
-3.1%
Value bn €
€655.7 bn
€657.6 bn
▼ trade deficit largely due to ▼ energy prices
Trade balance in bn €
Debt of vulnerable companies by country
% corporate debt according to interest coverage ratio (ICR = interest payment debt covered by profits)
Corporate debt in Asia
concentrated in
companies with low
interest coverage ratios
ICR
<1 → Susceptibility to default
1-4 → Potentially become
susceptible to default with
▲ borrowing costs
Sep.21 – Feb. 23 Mar.23
850
750
650
550
450
350
Q1 19 Q1 20 Q1 21 Q1 22 Q1 23