Business…
at a glance
April 2023
0
2
4
6
8
10
12
14
16
18
Andalusia
Catalonia
Valencian
C.
Abroad
Castile
and
Leon
Madrid
Castile-La
Mancha
Galicia
Aragon
Canary
I.
Asturias
Extremadura
Balearic
I.
Basque
Country
Cantabria
Murcia
Navarra
La
Rioja
2022 2019
21.8
5.1
31.7
6.5
-10
-5
0
5
10
15
20
25
30
35
Feb-20
Jun-20
Oct-20
Feb-21
Jun-21
Oct-21
Feb-22
Jun-22
Oct-22
Feb-23
Export price index
Import price index
Home mortgages statistics Spain (INE)
Jan. 23
% y-o-y change No. of home mortgages
y-o-y
+2.9%
Number
37,435
y-o-y
+1.3%
Average amount
€ 142,654
-40
-20
0
20
40
60
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
Oct-22
Jan-23
Average interest rate
Jan. 23
2.65%
vs. 1.85% Jan.22
% y-o-y change
Mortgages by region
Residents travel survey Spain (INE)
2022
Trips
y-o-y
+19.9%
Expenditure
y-o-y
+54.6%
Overnight stays
y-o-y
+19.1%
40
60
80
100
120
2019 2020 2021 2022
Trips
Overnight stays
Total expenditure
Index, 2019 = 100
Travel destination by region
% of total trips
Export/import prices industry Spain (INE)
Feb. 23
+5.1%
y-o-y
Export
-0.6 pp r/ Jan.23
+6.5%
y-o-y
Import
-5 pp r/ Jan.23
% y-o-y change
% y-o-y change
Import prices by type of goods
National average

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.
Business climate Germany (Ifo Institute)
Mar. 23
EU imports of crude oil from Russia (Eurostat)
Jan. 23
US monthly trade balance of goods (US Census Bureau)
y-o-y
-82.8%
of total EU crude
oil imports
(> 25% Jan.22)
4%
8,530.6
Ifo Business Cycle Stoplight
93.3p
Ifo Business
Climate Index
Index, 2015 = 100
70
75
80
85
90
95
100
105
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
Business Climate
Business Situation
Business Expectations
95.4p
Situation
91.2p
Expectations
Monthly probability
• 66% → expansion (green)
• ≤66 - ≥33 → uncertainty (yellow)
• < 33% → contraction (red)
0
33
66
99
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
0
20000
40000
60000
80000
100000
120000
140000
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
US Norway
Kazakhstan Russia
Thousands barrels Top 3 suppliers + Russia
thousands barrels
Price volatility following the outbreak of war in Ukraine
$/barrel, 4 main types of crude oil imported into the EU
98.7
50.7
126
85.4
40
60
80
100
120
140 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
Kazakhstan
Norway
Russia
US
≈ 82
Jan.22 Jan.23
Position in supplier ranking
Russia 1st → 10th
US 4th → 1st
Feb. 23
monthly
+0.6%
y-o-y
-13%
* Seasonally and calendar adjusted data
Deficit
$ 91,626 M
-106.8
-125.7
-85.8
-98.6
-82.1
-91.6
-130
-125
-120
-115
-110
-105
-100
-95
-90
-85
-80
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
Billions of $
By type of product
% monthly change Feb.23
Improving