This document provides a summary of recent economic indicators and business trends in Europe. It reports that exports increased 25% year-over-year from January to August 2022 while imports rose 40.5%. Industrial production in the EU fell 7.4% in August compared to the previous year. Residential building permits in Germany declined 3% in the first eight months of 2022 and fell 9.4% in August. Container freight rates worldwide dropped 61.3% in September 2022 from the previous year, while profits for major shipping companies remained very high.

1. Business…
at a glance
October 2022
-2.9
-2.4
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
35
Q1
2020
Q2
2020
Q3
2020
Q4
2020
Q1
2021
Q2
2021
Q3
2021
Q4
2021
Q1
2022
Q2
2022
Q3
2022
Q4
2022
quarterly
y-o-y
150000
170000
190000
210000
230000
250000
270000
290000
310000
2018 2019 2020 2021 2022
Exports
Imports
Business Confidence Index (INE)
Foreign Trade in Goods (M. Industry, Trade and Tourism)
Jan.-Aug. 22
+25%
y-o-y
Exports
€ 252,052 M
+40.5%
y-o-y
Imports
€ 298,513.1 M
M€
Q4 2022
-2.9%
quarterly
-2.4%
y-o-y
% change By sectors
% quarterly change
Industry Turnover Index (INE)
% change
By type of goods
% y-o-y
Consumer
goods
+22.3%
Capital
goods
+21.0%
Intermediate
goods
Energy* +84.5%
+19.3%
Aug. 22
monthly
+4.1%
y-o-y
+27.1%
Data adjusted for
seasonal and calendar
effects
* Except electricity, gas, steam, air conditioning and water supply
Energy
76.5
% of total
Jan.-Aug. 21
Trade
deficit
€ -46,461.1M
X 4.3
r/ Jan.-Aug.21
(€ -10,871.2 M)
€ -35,561.2 M
€ -14,594.6 M
Jan.-Aug. 22
14,4
10,4
11,4
33,1
27,1
-10
-5
0
5
10
15
20
25
30
35
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
monthly y-o-y

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.
12.8
6.3
3.8
25.1
-6.3
1.9
-2.5
4.6 5.5
-3.0
-10
-5
0
5
10
15
20
25
30
170000
180000
190000
200000
210000
220000
230000
240000
250000
260000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
% y-o-y change N.
Residential building permits Germany (Destatis)
Jan.-Aug. 22
y-o-y
-3%
244,605
Aug. 22
y-o-y
-9.4%
28,180
Single-family
-15.8%
Multi-family
-2.8%
% y-o-y change Jan.-Aug. 22
By type of dwellings
Jan.-Aug.
Construction sector production EU-27 (Eurostat)
Aug. 22 % y-o-y change
-20
-10
0
10
20
30
40
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Civil engineering works
Buildings
* Data available until Jul.22
Major EU-27 economies
% y-o-y change
+0.4%
0.0%
+5.9%*
-5.6%
Germany
France
Italy*
Spain
Aug. 22
Average
Jan.-Aug. 22
-7.4%
+15.6%
+0.7%
+1.1%
-0.4%
monthly
y-o-y
+2.8%
Container freight rate index worldwide (Statista)
Sep. 22
y-o-y
-61.3%
US$ 4,014
Sep. 19
x2.3
Min
1,262
Max
10,361
4,014
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
Dec-21
Mar-22
Jun-22
Sep-22
Freight rate Sep.19 – Sep. 22
US$
EBIT margins of main
container shipping companies
%
* Net profit + Interests +Taxes
Net income
Min Q119
1.7
Max Q122
57.4
Current
Q222
56.3
x 8.2
-61.3%