Industrial Production Index Spain Tourism in Spain Evolution of 1 year interest rates Eurozone Investor Confidence Index CPI in Germany US inflation expectations

1. Economy…
at a glance
May 2023
11.8
12.9
13.7 14.2
10.6
1.2
9.7
13.7
0
2
4
6
8
10
12
14
16
Q1 16 Q1 17 Q1 18 Q1 19 Q1 20 Q1 21 Q1 22 Q1 23
-10
-5
0
5
10
15
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Total Energy
Tourism in Spain (INE)
x1.4
Q1 23
Evolution of 1-year interest rates (Bank of Spain)
Apr. 23
r/ Q1 22
Millions of accumulated tourists
tourists
Mar. 23
13,725,573
-3.5%
r/ Q1 19
5,257,076
tourists
Accumulated
expense
Q1 23 +11.8% r/ Q1 19
€ 17,201.34 M
x 1.4 r/ Q1 22
International tourist arrivals
r/ Mar. 23
3.76%
Eurozone
+0.11p
y-o-y
+3.74p
3.76
-1
0
1
2
3
4
5
6
Apr-99
Apr-00
Apr-01
Apr-02
Apr-03
Apr-04
Apr-05
Apr-06
Apr-07
Apr-08
Apr-09
Apr-10
Apr-11
Apr-12
Apr-13
Apr-14
Apr-15
Apr-16
Apr-17
Apr-18
Apr-19
Apr-20
Apr-21
Apr-22
Apr-23
% Euribor 1 year
y-o-y
y-o-y
UK
US
Japan
4.97%
y-o-y
+3.12 p
5.28%
+2.94 p
-0.05%
+0.25 p
US
7º
% accumulated tourists Q1 23
Top 10 countries of origin
Industrial Production Index Spain (INE)
Mar. 23
Seasonal and
calendar effects
corrected
-1.5%
monthly
+4.5%
y-o-y
% y-o-y change
By type of goods
+
+
+
+
+
+
Mar.23
Jan.22-Feb.23

2. Economy… 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.
6.3
4.4
2
3
4
5
6
7
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-23
Mar-23
At 1 year
At 3 years
7.2
5.8
1
3
5
7
9
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Jan-23
Apr-23
General CPI
Exc. food and energy
US inflation expectations (Federal Reserve Bank NY)
Eurozone Investor Confidence Index (Sentix)
points
-13.1
May. 23 Points
5.2
-42.9
29.8
16.6
-38.3
-8
-13.1
-50
-40
-30
-20
-10
0
10
20
30
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-23
Mar-23
May-23
Start of the Covid-
19 Pandemic
Russian invasion
of Ukraine
Apr. 23
4.4%
y-o-y
At 1 year
2.9%
y-o-y
At 3 years
%
CPI in Germany (Destatis)
Apr. 23
+0.4%
monthly
+7.2%
y-o-y
General
% y-o-y change % change
By type of goods
Food
+17.2%
y-o-y
points r/ Apr. 23
4.4
Deterioration
-5
0
5
10
15
20
25
30
35
40
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Jan-23
Apr-23
Food
Energy
By age of the population
%
At 1 year
Apr.20-Apr.22 Apr.23
At 3 years
Apr.20-Apr.22 Apr.23