Trade balance Housing market Spain CPI Spain Crude oil imports Germany CPI US Interest rates

1. Economy…
at a glance
March 2023
Housing market Spain (INE)
Jan. 23
y-o-y
+6.6%
monthly
+30%
CPI Spain (INE)
Feb. 23
Core
Headline
y-o-y
6%
y-o-y
7.6%
Core CPI by regions
% y-o-y change
8,2
Purchaseand sale No. sales and purchases
Q4 22
y-o-y
+5.5%
quarterly
-0.8%
Price % change
56,372
20000
25000
30000
35000
40000
45000
50000
55000
60000
65000
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
Jan-23
-2
0
2
4
6
8
10
Q1
20
Q2
20
Q3
20
Q4
20
Q1
21
Q2
21
Q3
21
Q4
21
Q1
22
Q2
22
Q3
22
Q4
22
Quarterly
y-o-y
6.0
7.6
16.8
0
2
4
6
8
10
12
14
16
18
Jan-21
Jun-21
Nov-21
Apr-22
Sep-22
Feb-23
Headline
Core
Processed food, beverages
and tobacco
% y-o-y change
Trade balance (Ministry of Industry, Trade and Tourism)
Jan. 23 % y-o-y change
Exports
€ 30.9 bn
Imports
y-o-y
+16.2%
€ 34.9 bn
y-o-y
+5.3% Trade
deficit
Jan. 23
€ -3.9 bn
-39.4% r/ Jan. 22
-20
0
20
40
60
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Exports
Imports
Exports by type of product
% y-o-y change
41.2
20.8
18.6
15.9
14.8
14.7
11.6
0
-3.3
-4.6
Energy prod.
Chemical prod.
Capital goods
Food, beverage & tob.
Automobile
Consumer manuf.
Durable consumer goods
Non-chemical semimanuf.
Other goods
Commodities

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.
0
500
1000
1500
2000
2500
3000
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
UK
Norway
Russia
US
Kazakhstan
UAE
Crude oil imports Germany (Destatis)
CPI US (Bureau of Labor Statistics)
Feb. 23
Core
Headline
y-o-y
6.0%
y-o-y
5.5%
% y-o-y change By type of product
% y-o-y change
Jan. 23
6.2million tn
y-o-y
-99.9%
Thousands of tons
3,500tn
y-o-y
-20.5%
From Russia
Total
Russia
36.5%
63.5%
Jan. 22
Russia
0.1%
99.9%
Jan. 23
Share of Russian crude oil imports
% of total German crude oil imports
▲ 44%
▲ 42%
▲ 34.6%
% y-o-y change
▼ 42%
▼ 14.7%
x 3.4*
* UAE: ▲ since Sep.22
6.0
5.5
0
1
2
3
4
5
6
7
8
9
10
Jan-21
Jun-21
Nov-21
Apr-22
Sep-22
Feb-23
Headline
Core
9.5
7.6
6.4
5.2
3.6
-1.8
Food
Services
Non-durable goods
Energy
Commodities
Durable goods
Interest rates (Investing)
Mar. 23
%
▲ in Central Bank reference rates ▲ in 10-year bond yield (%)
Bank of England
4%
0
1
2
3
4
5
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
Fed ECB BoE
Federal Reserve
4.75%
ECB
3.5%
1.4
0.5
2.3
1.6
3.4
2.3
3.6 3.5
Spain Germany US UK
Mar-22 Mar-23